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) purchase of treasury stock.
C) declaration of a stock dividend.
D) payment in full of subscribed stock.

Question

Quizplus · Accepted Answer

The purchase of treasury stock reduces the number of shares outstanding without affecting the number of shares issued, resulting in issued shares exceeding outstanding shares.

At the Date of the Financial Statements,common Stock Shares Issued