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Required information E11-2 (Algo) Computing Number of Shares LO11-1, 11-3 [The following information applies to the questions displayed below.] The charter of Vista West Corporation
Required information E11-2 (Algo) Computing Number of Shares LO11-1, 11-3 [The following information applies to the questions displayed below.] The charter of Vista West Corporation specifies that it is authorized to issue 213,000 shares of common stock. Since the company was incorporated, it has sold a total of 149,000 shares (at $16 per share) to the public. It has bought back a total of 12,000. The par value of the stock is $5. When the stock was bought back from the public, the market price was $25. E11-2 Part 1 Required: 1. Determine the authorized shares. Authorized shares E11-2 Part 2 2. Determine the issued shares. Issued shares E11-2 Part 3 3. Determine the outstanding shares. Outstanding shares
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