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13 August, 11:32

The following data were reported by a corporation: Authorized shares 29,000 Issued shares 24,000 Treasury shares 8,000 The number of outstanding shares is:

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  1. 13 August, 12:47
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    16,000 shares

    Explanation:

    The computation of the number of outstanding shares is shown below:

    As we know that

    Number of outstanding shares = Issued shares - Treasury shares

    where,

    Issued shares is 24,000

    And, the treasury shares is 8,000

    So, the number of outstanding shares is

    = 24,000 - 8,000

    = 16,000

    We simply applied the above formula so that the number of outstanding shares could come
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