Answer:
the number of common stock outstanding is 17,450 shares
Explanation:
The computation of the number of common stock outstanding is as follows
= Common stock - treasury stock
= ($175,000 ÷ $10) - ($750 ÷ $15)
= 17,500 shares - 50 shares
= 17,450 shares
Hence, the number of common stock outstanding is 17,450 shares
We simply applied the above formula so that the correct value could come
And, the same is to be considered
