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28 November, 10:48

The charter of a corporation provides for the issuance of 102,000 shares of common stock. Assume that 57,000 shares were originally issued and 13,400 were subsequently reacquired. What is the number of shares outstanding

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  1. 28 November, 11:13
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    43,600 shares

    Explanation:

    Given that,

    shares of common stock issued = 102,000 shares

    Shares were originally issued = 57,000

    Shares reacquired = 13,400

    Number of shares outstanding:

    = Total number of shares issued - Shares reacquired

    = 57,000 shares - 13,400 shares

    = 43,600

    Therefore, the number of shares outstanding for this corporation is 43,600.
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