Fitzgerald Corporation has 55,000 shares authorized,39,000 issued,and 8,000 shares of treasury stock.________ shares are outstanding,and ________ shares are unissued.

Question

Quizplus · Accepted Answer

Outstanding shares are calculated as issued shares minus treasury stock, which is 39,000 - 8,000 = 31,000. Unissued shares are calculated as authorized shares minus issued shares, which is 55,000 - 39,000 = 16,000.

Fitzgerald Corporation Has 55,000 Shares Authorized,39,000 Issued,and 8,000 Shares of Treasury