If Grant Corporation has 120,000 shares of common stock authorized,75,000 shares of common stock issued,and holds 3,000 shares of common stock as treasury stock,the total number of outstanding shares of Grant Corporation amounts to

Question

Quizplus · Accepted Answer

Outstanding shares are calculated by subtracting treasury stock from issued shares. Therefore, 75,000 issued shares minus 3,000 treasury shares equals 72,000 outstanding shares.

If Grant Corporation Has 120,000 Shares of Common Stock Authorized,75,000