The Following Data Regarding Its Common Stock Were Reported by a Corporation

question 25

Multiple Choice

The following data regarding its common stock were reported by a corporation: $\begin{array}{|l|r|}\hline \text { Authorized shares } & 20,000 \\\hline \text { Issued shares } & 15,000 \\\hline \text { Treasury shares } & 3,000 \\\hline\end{array}$ The number of outstanding shares is:

• A) 12,000
• B) 15,000
• C) 17,000
• D) 20,000
• E) 23,000

---

Definitions:

Firm's Profits

The financial gains realized by a company after subtracting all expenses, taxes, and costs from total revenue.

Efficiency

The ability to accomplish a task with the minimum expenditure of time and resources.

Entry Barriers

Factors that prevent or hinder the ability of new competitors to enter and operate successfully in an industry, including high startup costs, regulatory restrictions, and established brand loyalty.