Jupiter Tech Inc. is authorized to issue 1,200,000 shares. Issued: 600,000 shares Repurchased: 120,000 shares Reissued from treasury: 30,000 shares How many shares are outstanding?

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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Can you explain this general accounting question using accurate calculation methods?

Jupiter Tech Inc. is authorized to issue 1,200,000 shares.
Issued: 600,000 shares
Repurchased: 120,000 shares
Reissued from treasury: 30,000 shares
How many shares are outstanding?
Transcribed Image Text:Jupiter Tech Inc. is authorized to issue 1,200,000 shares. Issued: 600,000 shares Repurchased: 120,000 shares Reissued from treasury: 30,000 shares How many shares are outstanding?
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