Watson Company has provided the following data about its common stock:
Par value per share,$1; authorized shares,10,000,000; outstanding shares,4,300,000; and issued shares 4,700,000.How many shares of treasury stock are there?
A)0
B)5,700,000
C)5,300,000
D)400,000

Question

Quizplus · Accepted Answer

Outstanding shares (4,300,000) = Issued shares (4,700,000) - Treasury shares (400,000)

Watson Company Has Provided the Following Data About Its Common