At the date of the financial statements, common stock shares issued would exceed common stock shares outstanding as a result of the
A) Declaration of a stock split.
B) Declaration of a stock dividend.
C) Purchase of treasury stock.
D) Payment in full of subscribed stock.

Question

Quizplus · Accepted Answer

The purchase of treasury stock results in the company buying back its own shares, which reduces the number of shares outstanding but does not change the number of shares issued. This is why, after such a transaction, issued shares would exceed outstanding shares.

At the Date of the Financial Statements, Common Stock Shares