The state charter of Vest Corporation allows the corporation to sell 500,000 shares.Vest has issued 425,000 shares of stock.There are 15,000 shares of treasury stock.The number of outstanding shares is ________ shares.

Question

Quizplus · Accepted Answer

The outstanding shares are the issued shares minus the treasury shares, so the calculation would be: 425,000 - 15,000 = 410,000. Therefore, option B is the correct answer.

The State Charter of Vest Corporation Allows the Corporation to Sell