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Citrus2011 [14]
2 years ago
6

The charter of Vista West Corporation specifies that it is authorized to issue 209,000 shares of common stock. Since the company

was incorporated, it has sold a total of 146,000 shares (at $16 per share) to the public. It has bought back a total of 12,000. The par value of the stock is $5. When the stock was bought back from the public, the market price was $22. Determine the authorized shares.
Business
1 answer:
stealth61 [152]2 years ago
5 0

Answer:

209,000 shares

Explanation:

The company is authorized to issue 209,000 shares which represent maximum shares that can be issued. Authorized shares is the maximum number of shares a company can issue and this is stated in the corporate charter.

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3 years ago
Which of the following statements regarding the graphs tool are correct? Check all that apply. All graphs contain at least one g
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2 years ago
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That mean good things will happen to you...( I think)
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3 years ago
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PLEASE HELP ASAP!!! (There are 4 Questions)
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3 0
3 years ago
Read 2 more answers
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