Disposal Services, Inc., a waste management company, had 3.5 million shares of common stock authorized on August

Question:

Disposal Services, Inc., a waste management company, had 3.5 million shares of authorized on August 31, 20X2. Shares issued were 2 million. There were 375,000 shares held in the treasury. How many shares were issued and outstanding? How many shares were unissued? Label your computations.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...