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The charter of Bentley Corporation specified a maximum of 500,000 shares of common stock. At the current date, 100,000 shares remain unissued, and 50,000 of
The charter of Bentley Corporation specified a maximum of 500,000 shares of common stock. At the current date, 100,000 shares remain unissued, and 50,000 of the issued shares have been repurchased and are still held by Bentley.
Required: In the space provided below, calculate the number of shares that are:
- Authorized: ____________
- Issued: _____________
- Held in the treasury: ________________
- Outstanding: ________________
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