Need help IBMOn December 31, 2008,corporation had 4,688 million sharesof common stock authorized. Therewere 2,097 million shares issued,and 758 million shares held astreasury stock. How many shareswere issued and outstanding? Howmany shares were unissued? Showyour complete solution.

We are given the following information about IBM Corporation as of December 31, 2008:Authorized…

Answered: IBM On December 31, 2008, corporation…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 5MCQ

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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.