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10-07-2020
Business

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The following data were reported by a corporation: Authorized shares 34,000 Issued shares 29,000 Treasury shares 10,500 The number of outstanding shares is:

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Tundexi Tundexi

14-07-2020

Answer:

Number of outstanding shares is $18,500

Explanation:

Simply put, Number of outstanding shares is difference between number of shares issued and number of shares in treasury stock.

Hence, Outstanding shares = Shares issued - Treasury shares

= $29,000 - 10,500

= $18,500

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