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15. Crespo Company is authorized to issue 2,000,000 shares of common stock. They issued 500,000 shares of $5 par value stock for $20 per share.
15. Crespo Company is authorized to issue 2,000,000 shares of common stock. They issued 500,000 shares of $5 par value stock for $20 per share. They repurchased 100,000 shares at $25 per share. Assuming no shares were retired, what is the number of shares issued?
500,000 shares
1,900,000 shares
400,000 shares
Cannot be determined based on the information given
2,000,000 shares
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