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Vilka [71]
3 years ago
11

The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 60,000 shares were origina

lly issued and 5,000 were subsequently reacquired. What is the number of shares outstanding?
Business
1 answer:
ruslelena [56]3 years ago
3 0

Answer:

55,000 shares

Explanation:

Given that

60000 shares were originally given

5000 were subsequently reacquired

Thus. Net number of shares issued

= number of shares originally issued - number subsequently reacquired

= 60000 - 5000

= 55,000

Number of outstanding shares therefore is 55,000.

NOTE that, outstanding shares refer to the number of shares that has been issued, purchase or authorized by investors, that is, the number of shares currently held by all is shareholders.

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5 0
3 years ago
Epley Industries stock has a beta of 1.30. The company just paid a dividend of $.30, and the dividends are expected to grow at 4
rusak2 [61]

Answer:

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Explanation:

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5 0
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