AnuU, Inc. sold 100,000 shares of the 1,000,000 shares it is allowed to sell. AnuU repurchased 10,000 of these shares. The number of shares outstanding equals ______ shares.

Respuesta :

Based on the information given the number of shares outstanding equals 100,000 shares.

The 1,000,000 shares is the number of shares that was  authorized as well as  the maximum number of  shares that the company was allowed to sell.

Based on the information given we were told that the company sold out 100,000 shares out of the 1,000,000 shares and repurchased 10,000 of the 100,000 shares leaving 90,000 shares (100,000 shares-10.000 shares) as outstanding shares.

Inconclusion  the number of shares outstanding equals 100,000 shares.

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