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Chapter 11 Homework i Saved Help Save & Exit Submit 4 The 2016 annual report for Mega Mills disclosed that 1 billion shares of common
Chapter 11 Homework i Saved Help Save & Exit Submit 4 The 2016 annual report for Mega Mills disclosed that 1 billion shares of common stock have been authorized. At the end of 2015, 835 million shares had been issued and the number of shares in treasury stock was 116 million. During 2016, the only common share transactions were that 20 million common shares were reissued from treasury and 35 million common shares were purchased and held as treasury stock 11 points Required: Determine the number of common shares (a) issued, (b) in treasury, and (c) outstanding at the end of 2016. (Enter your answers in millions.) eBook Number of Common Shares in millions) Print (a) Issued Stock (b) Treasury Stock (c) Shares Outstanding
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