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20 July, 22:34

Beck Corp. issued 200,000 shares of common stock when it began operations in year 1 and issued an additional 100,000 shares in year 2. Beck also issued preferred stock convertible to 100,000 shares of common stock. In year 3, Beck purchased 75,000 shares of its common stock and held it in Treasury. At December 31, year 3, how many shares of Beck's common stock were outstandin

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  1. 21 July, 02:22
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    225,000 shares

    Explanation:

    A company's shares outstanding refers to the total number of shares investors currently own.

    Beck Corp. issued 200,000 shares of common stock when it began operations in year 1 and issued an additional 100,000 shares in year 2.

    In year 3, Beck purchased 75,000 shares of its common stock and held it in Treasury.

    At December 31, year 3, the number of shares of Beck's common stock were outstanding is

    200,000 shares in year 1

    100,000 shares in year 2

    Total Common Stock = 300,000

    less: Treasury Stock of 75,000

    Outstanding Stock = 225,000 shares
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