At the date of the financial statements, common shares issued would exceed common shares outstanding as a result of the:
A)Declaration of a stock dividend.
B)Purchase of treasury stock.
C)Payment in full of subscribed shares.
D)Declaration of a stock split.

Question

Quizplus · Accepted Answer

The purchase of treasury stock results in a decrease in the number of shares outstanding without affecting the number of shares issued, thus making the issued shares exceed the outstanding shares.

At the Date of the Financial Statements, Common Shares Issued