The following data was reported by ABC Company Authorized shares: 50,000 Issued shares: 35,000 Treasury shares: 7,500 How many shares are outstanding?

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 6Q: The following data was reported by Saturday Corporation: Authorized shares: 30,000 Issued shares:...
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The following data was reported by ABC Company

  • Authorized shares: 50,000
  • Issued shares: 35,000
  • Treasury shares: 7,500

How many shares are outstanding?

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