Accounting: What the Numbers Mean 9th Edition by Wayne W McManus, Daniel F Viele, David H Marshall

Exercise 103

For the following questions, circle the best response.

Which of the following classifications would represent the largest number of shares of common stock?

a. Issued shares.

b. Outstanding shares.

c. Treasury shares.

d. Authorized shares.

e. Unissued shares.

Step 1 of 6

(a)

The number of shares of stock issued represents that number of shares that have been actually been sold. It can be less than the number of shares authorized.