The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 30,000 shares were originally issued and 5,000 were later reacquired. what is the number of shares outstanding?

The answer is 25,000 shares.

Explanation:

The 100,000 shares is the authorised shares which is the maximum number of shares an entity is permittee to issue to investors as being stipukated in its articles of incorporation.

The 30,000 shares is the outstanding shares which is the total number of shares issued to existing shareholders.

The 5,000 shares reacquired is known as treasury stock. Companies repurchased the shares.

So total number of outstanding shares is:

30,000 shares - 5,000 shares

= 25,000 shares

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