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maxonik [38]
3 years ago
11

AE Corp. completed the following transactions during Year 1: Issued 3,000 shares of $10 par common stock for $25 per share. Repu

rchased 500 shares of its own common stock for $26 per share. Resold 200 shares of treasury stock for $30 per share. Required a. How many shares of common stock were outstanding at the end of the period?
Business
1 answer:
AleksandrR [38]3 years ago
6 0

Answer:

4,700 shares

Explanation:

The computation of the number of shares of common stock outstanding at the end of the period is shown below

= Beginning shares + issued shares  - repurchase shares + reissue shares

= 2,000 shares + 3,000 shares - 500 shares + 200 shares

= 4,700 shares

We applied the above equation to find out the number of shares outstanding at the end of the year

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