Question

Bagel, Inc. issued 50,000 shares of the 100,000 authorized. It has since repurchased 5,000 of its shares. The number of shares outstanding equals ______ shares.

Answer 1

Based on the information given the number of shares outstanding equals 45,000 shares.

Using this formula

Shares outstanding=Issued shares-Shares repurchased

Where:

Issued shares=50,000 shares

Shares repurchased=5,000 shares

Let plug in the formula

Shares outstanding=50,000-5,000

Shares outstanding=45,000 shares

Inconclusion the number of shares outstanding equals 45,000 shares.

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