There would be 100,000 shares of common stock outstanding when the number of shares authorized was 150,000,issued shares totaled 120,000,and 20,000 shares were being held in the treasury.

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Quizplus · Accepted Answer

The number of outstanding shares is calculated by subtracting the shares held in treasury from the issued shares, so 120,000-20,000=100,000. The fact that the number of authorized shares is 150,000 is irrelevant to this calculation.

There Would Be 100,000 Shares of Common Stock Outstanding When