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4 May, 01:40

Dali Company has 15,000 shares of stock authorized on January 1. Dali issues 4,500 shares to the stockholders during the year and then the company repurchases 1,500 shares as treasury stock. Based on this information, how many shares are outstanding at December 31?

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Answers (1)
  1. 4 May, 05:38
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    3,000

    Explanation:

    Data provided in the question:

    Number of shares authorized = 15,000

    Number if shares issued = 4,500

    Number of shares repurchased = 1,500

    Now,

    Total shares outstanding = Shares issued - Shares repurchased

    or

    Total shares outstanding = 4500 - 1,500

    or

    Total shares outstanding = 3,000

    Hence,

    3,000 shares are outstanding at December 31
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Home » Business » Dali Company has 15,000 shares of stock authorized on January 1. Dali issues 4,500 shares to the stockholders during the year and then the company repurchases 1,500 shares as treasury stock.
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