A Corporation Was Incorporated on January 1 of the Current

question 227

Short Answer

A corporation was incorporated on January 1 of the current year. Its corporate charter provided for a maximum of 1,000,000 shares of common stock to be sold in the future of the corporation. In January, 150,000 shares were sold to the public and an additional 100,000 shares were sold in October. In November, 15,000 of the issued shares were bought back by the corporation. Complete the table below as of the end of the current year.
Quantities:
Authorized Shares
Issued Shares
Outstanding Shares
Treasury Shares