Answered: The following data was reported by ABC…

The following data was reported by ABC Company Authorized shares: 50,000 Issued shares: 35,000 Treasury shares: 7,500 How many shares are outstanding?

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

The following data was reported by ABC Company

Authorized shares: 50,000
Issued shares: 35,000
Treasury shares: 7,500

How many shares are outstanding?

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