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    Survey of Accounting Study Set 7
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    Exam 8: Liabilities and Stockholders Equity
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    If 50,000 Shares Are Authorized, 35,000 Shares Are Issued, and 1,000
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If 50,000 Shares Are Authorized, 35,000 Shares Are Issued, and 1,000

Question 39

Question 39

True/False

If 50,000 shares are authorized, 35,000 shares are issued, and 1,000 shares are reacquired, the number of outstanding shares is 36,000.

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