The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 45,000 shares were originally issued and 5,000 were subsequently reacquired. What is the number of shares outstanding?

Question

Quizplus · Accepted Answer

The number of shares outstanding is calculated by subtracting the number of shares that have been repurchased from the number originally issued.

100,000 (original shares issued) - 45,000 (shares issued) - 5,000 (shares repurchased) = 50,000 shares outstanding.

The Charter of a Corporation Provides for the Issuance of 100,000