Question

Gaston Corporation issued 100000 shares of $ 0.75 par value common stock. Later that​ year, Gaston purchased 18 comma 000 shares of its own common stock. Two months​ later, it reissued 1 comma 600 shares. How many shares are issued and​ outstanding?

Answer 1

Answer:

The issued and​ outstanding shares are 100000 and 83,600.

Explanation:

number of shares issued = 100000

number of shares outstanding = 100000 - 18,000 + 1,600

                                                   = 83,600

Therefore, The issued and​ outstanding shares are 100000 and 83,600.