Required information E11-2 (Algo) Computing Number of Shares LO11-1, 11-3 [The following information applies to the questions displayed below.] The charter of Vista West Corporation specifies that it is authorized to issue 209,000 shares of common stock. Since the company was incorporated, it has sold a total of 157,000 shares (at $16 per share) to the public. It has bought back a total of 11,000. The par value of the stock is $6. When the stock was bought back from the public, the market price was $23. E11-2 Part 3 3. Determine the outstanding shares. Outstanding shares

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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E11-2 (Algo) Computing Number of Shares LO11-1, 11-3
[The following information applies to the questions displayed below.]
The charter of Vista West Corporation specifies that it is authorized to issue 209,000 shares of common stock. Since the
company was incorporated, it has sold a total of 157,000 shares (at $16 per share) to the public. It has bought back a total
of 11,000. The par value of the stock is $6. When the stock was bought back from the public, the market price was $23.
E11-2 Part 3
3. Determine the outstanding shares.
Outstanding shares
Transcribed Image Text:! Required information E11-2 (Algo) Computing Number of Shares LO11-1, 11-3 [The following information applies to the questions displayed below.] The charter of Vista West Corporation specifies that it is authorized to issue 209,000 shares of common stock. Since the company was incorporated, it has sold a total of 157,000 shares (at $16 per share) to the public. It has bought back a total of 11,000. The par value of the stock is $6. When the stock was bought back from the public, the market price was $23. E11-2 Part 3 3. Determine the outstanding shares. Outstanding shares
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