Montana Company was authorized to issue 200,000 shares of common stock. The company had issued 50,000 shares of stock when it purchased 10,000 shares of treasury stock. The number of outstanding shares of common stock was: Multiple Choice 60,000. 190,000. 50,000. 40,000.

Montana Company was authorized to issue 200.000 shares of common stock. The company had issued 50,000 shares of stock when it purchased 10,000 shares of treasury stock. The number of outstanding shares of common stock was: Multiple Chaice 60.000 190,000 . 50.000 40,000