Answered step by step
Verified Expert Solution
Question
1 Approved Answer
At the beginning of the year a business had an authorized share capital of 5,000,000.0 shares of which 775,000.0 were issued and are outstanding. The
At the beginning of the year a business had an authorized share capital of 5,000,000.0 shares of which 775,000.0 were issued and are outstanding.
The business issues an extra 125,000.0 to raise finance during the period.
The business conducted a buy back of 55,000.0 shares during the period to fulfil employee share options.
What is the outstanding number of shares at the period end?
Select one:
70,000.0
845,000.0
5,070,000.0
955,000.0
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started