Gaston Corporation issued 100000 shares of $ 0.75 par value common stock. Later that year, Gaston purchased 18 comma 000 shares of its own common stock. Two months later, it reissued 1 comma 600 shares. How many shares are issued and outstanding?

Question

Bernard Ingram

Business

13 June, 11:16

Gaston Corporation issued 100000 shares of $ 0.75 par value common stock. Later that year, Gaston purchased 18 comma 000 shares of its own common stock. Two months later, it reissued 1 comma 600 shares. How many shares are issued and outstanding?

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Answers (1)

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Thelma · Answer 1

The issued and outstanding shares are 100000 and 83,600.

Explanation:

number of shares issued = 100000

number of shares outstanding = 100000 - 18,000 + 1,600

= 83,600

Therefore, The issued and outstanding shares are 100000 and 83,600.