Chrome File Edit View History Bookmarks People Window Help Chapter 11-Connect fc

Question

Chrome File Edit View History Bookmarks People Window Help Chapter 11-Connect fc O ezto.mheducation.com/hm.tpx jac The following information applies to the questions displayed below The charter of Vista West Corporation specifies that it is authorized to issue 218.000 shares of common stock. Since t incorporated, It has sold a total of 147000 shares (at $16 per share) to the public. It has bought back a total of 16,000. The par value of the st is $5. When the stock was bought beck from the public, the market price was $22 the company was 3. 909 ponts Required information 2. Determine the issued shares References Book& Resources Worksheet Learning Objective: 11-01 Explain the role of stock in the capital structure of a corporation. Difficulty: 1 EasyLeaming Objective: 11-03 Describe the characteristics of common stock and report common stock transactions 9.09 points Required Information

Explanation / Answer

2) Issued shares = Shares sold = 147000 Shares

3) Outstanding shares = Issued shares-Shares bought back

= 147000-16000

Outstanding shares = 131000 Shares

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.