The following data is available for Santos Service Corporation at December 31, 2017: Common stock, par $10 (authorized 100,000 shares) $400,000 Treasury Stock (at cost $15 per share) $ 27,000 Based on the data, how many shares of common stock are outstanding

The total no. of outstanding stock for the Santos Sales Corporation is 38200 shares which is calculated by simply applying values to the formula in the equation.

Share is defined as a share in the share capital authorized by the company and shares also include stocks. The distinction between shares and stocks is implied expressively in the share capital of the company which issues such shares.

Hence, there are 38200 common stock outstanding at the end of Santos Service Corporation.

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the number of shares of common stock outsanding is 38,200 shares

Explanation:

The computation of the number of shares of common stock outsanding is as follows:

= Common shares - treasury stock

= ($400,000 ÷ $10)  - ($27,000 ÷ $15)

= 40,000 shares - 1,800 shares

= 38,200 shares

hence, the number of shares of common stock outsanding is 38,200 shares

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