The Charter of Delta Corporation Specified a Maximum of 25,000

question 25

Essay

The charter of Delta Corporation specified a maximum of 25,000 common shares. At the current date, 5,000 shares remain unissued, and 2,000 of the issued shares have been reacquired and are still held by Delta. Give the number of shares: $$\begin{array} { | l | l | } \hline \text { Type } & \text { Shares } \\\hline \text { A. Issued } & \\\hline \text { B. Unissued } & \\\hline \text { C. Authorized } & \\\hline \text { D. Outstanding } & \\\hline \text { E. Treasury shares } & \\\hline\end{array}$$