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The Following Information Relates to the Number of Common Shares 40,000 Authorized shares 15,000 Unissued shares 2,500 Treasury shares 40,000 \text { Authorized shares }\quad 15,000 \text { Unissued shares } \quad2,500 \text { Treasury shares }

Question 59

Essay

The following information relates to the number of common shares of the Nelly Corporation:
40,000 Authorized shares 15,000 Unissued shares 2,500 Treasury shares 40,000 \text { Authorized shares }\quad 15,000 \text { Unissued shares } \quad2,500 \text { Treasury shares } Calculate the number of outstanding shares from the information given.Show your calculations.

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22,500 shares outsta...

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