There would be 100,000 shares of common stock outstanding when the number of shares authorized was 150,000,issued shares totaled 120,000,and 20,000 shares were being held in the treasury.

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carlos cabrera · Accepted Answer

Final Answer : True, Explanation :  The number of outstanding shares is calculated by subtracting the shares held in treasury from the issued shares, so 120,000-20,000=100,000. The fact that the number of authorized shares is 150,000 is irrelevant to this calculation.

There would be 100,000 shares of common stock outstanding when the number of shares authorized was 150,000,issued shares totaled 120,000,and 20,000 shares were being held in the treasury.

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