IBM On December 31, 2008, corporation had 4,688 million shares of common stock authorized. There were 2,097 million shares issued, and 758 million shares held as treasury stock. How many shares were issued and outstanding? How many shares were unissued? Show your complete solution.

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
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IBM
On December 31, 2008,
corporation had 4,688 million shares
of common stock authorized. There
were 2,097 million shares issued,
and 758 million shares held as
treasury stock. How many shares
were issued and outstanding? How
many shares were unissued? Show
your complete solution.
Transcribed Image Text:IBM On December 31, 2008, corporation had 4,688 million shares of common stock authorized. There were 2,097 million shares issued, and 758 million shares held as treasury stock. How many shares were issued and outstanding? How many shares were unissued? Show your complete solution.
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