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13 April, 01:15

A company currently has 200,000 shares issued and 190,000 shares outstanding. If the company purchases 20,000 shares of treasury stock, what amount of shares will be outstanding?

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  1. 13 April, 05:07
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    170,000 shares will be outstanding.

    Explanation:

    From the question, it can be easily stated that -

    Authorized Shares = 200,000 shares

    Issued Shares = 190,000 shares

    Outstanding shares = Issued shares - Treasury stock (Repurchased shares)

    Outstanding shares = (190,000 - 20,000) shares

    Therefore, the company has 170,000 amount of outstanding shares.

    As the company repurchase the stock, those shares will be deducted from issued shares to determine outstanding shares.
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