Please refer to the following information for Petra Sales Company:
If Petra Sales sells 10,000 shares of treasury stock at $14 per share, the number of shares outstanding will go down by 10,000.

Question

Please refer to the following information for Petra Sales Company:
  If Petra Sales sells 10,000 shares of treasury stock at $14 per share, the number of shares outstanding will go down by 10,000.

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The Answer of Please refer to the following information for Petra Sales Company:
  If Petra Sales sells 10,000 shares of treasury stock at $14 per share, the number of shares outstanding will go down by 10,000.

Please Refer to the Following Information for Petra Sales Company