compute the number of outstanding shares 610392
This exercise will point out the relationship between authorized, issued, outstanding, and subscribed shares.
The following data are available regarding the common stock of the Daffy Corporation at December 31, 2014:
|
Authorized shares |
200,000 |
|
Unissued shares |
60,000 |
|
Treasury shares |
12,000 |
Instructions
Compute the number of outstanding shares.