Question

In a recent annual report, Fourth Wall Inc. (formerly Greencube) disclosed that 61,600,000 shares of common stock have been authorized. At the beginning of the fiscal year, a total of 35,949,592 shares had been issued and the number of shares in treasury stock was 7,331.269. During the year, 566,765 additional shares were issued, and the number of treasury shares increased by 3,114,188 Determine the number of shares outstanding at the end of the year. (Amounts to be deducted should be indicated by a minus sign.) n of Shares Outstanding Issued shares Treasury stock Shares outstanding

Answer 1

Answer:

Number of common stock outstanding at the end:

Number of common stock the  beginning                 35,949,592 shares

Number of additional common stock issued             566,765 shares

Number of common stock outstanding at the end   36,516,357 shares  

Number of treasury stock outstanding at the end:

Number of treasury stock the  beginning                 7,331,269 shares

Number of additional treasury stock issued             3,114,188 shares

Number of treasury stock outstanding at the end 10,445,457 shares                                                                                                                                                                                                  

Explanation:

The number of common stock at the beginning is added to the number      of common stock issued during the year in order to obtain the number of common stock outstanding at the end of the year.      

The number of treasury stock at the beginning is added to the number           of treasury stock acquired during the year so as to obtain the number of treasury stock outstanding at the end of the year.