Hawks, Inc. has 79,000 shares authorized, 50,000 shares issued, and 13,000 shares of treasury stock. ________ shares are outstanding, and ________ shares are unissued. Group of answer choices 29,000; 37,000 66,000; 13,000 37,000; 29,000 13,000; 66,000

Hawks, Inc. has 79,000 shares authorized, 50,000 shares issued, and 13,000 shares of treasury stock. shares are outstanding, and shares are unissued. Group of answer choices 29,000; 37,000 66,000; 13,000 37,000; 29,000 13,000; 66,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Hawks, Inc. has 79,000 shares authorized, 50,000 shares issued, and 13,000 shares of treasury stock. ________ shares are outstanding, and ________ shares are unissued.

Group of answer choices

29,000; 37,000

66,000; 13,000

37,000; 29,000

13,000; 66,000

Definition Definition Stock repurchased from the stockholders by the company that once issued it. The repurchase of the stock reduces the stockholder's equity balance on the balance sheet. Treasury stocks are an important constituent of stockholder's equity but do not carry any voting rights.

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