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Caleb Corporation has 1,000,000 shares of authorized stock with 500,000 shares issued and 100,000 shares of treasury stock as of December 31, 2016. How many
Caleb Corporation has 1,000,000 shares of authorized stock with 500,000 shares issued and 100,000 shares of treasury stock as of December 31, 2016. How many shares of outstanding stock does Caleb Corporation have on December 31, 2016?
a. 100,000
b. 400,000
c. 500,000
d. 600,000
e. 1,000,000
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