QQuestionAnatomy and Physiology
QuestionAnatomy and Physiology
The following data were reported by a corporation:
| Authorized shares | 22,000 |
| --- | --- |
| Issued shares | 17,000 |
| Treasury shares | 4,000 |
The number of outstanding shares is:
Multiple Choice
☐ 22,000
☐ 13,000
☐ 26,000
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Answer
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Step 1I'll solve this step-by-step using the accounting definition of outstanding shares.
Step 2: Understand the Definitions
- Authorized shares: Total number of shares a company is legally allowed to issue - Issued shares: Total number of shares actually issued by the company - Treasury shares: Shares repurchased by the company from shareholders - Outstanding shares: Issued shares minus treasury shares
Final Answer
The correct multiple-choice option is the middle choice of 13,000.
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