Asked by Johnna-Bryante Rayphen on Jun 08, 2024

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If 50,000 shares are authorized, 41,000 shares are issued, and 2,000 shares are reacquired, the number of outstanding shares is 43,000.

Authorized Shares

The maximum number of shares that a corporation is legally permitted to issue, as specified in its articles of incorporation.

Issued Shares

The total number of shares that a corporation has legally sold to investors, including those held by the public and the company's officers or insiders.

Outstanding Shares

Outstanding shares refer to the total number of shares of a corporation's stock that are currently owned by all its shareholders, including share blocks held by institutional investors and restricted shares.

  • Gain an understanding of the methods used in accounting and the reporting process for stock transactions, focusing on issuance above nominal value and treasury stock maneuvers.
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AG
Anquanetta GracieJun 11, 2024
Final Answer :
False
Explanation :
The number of outstanding shares would be 39,000 (issued shares minus reacquired shares).