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

question 86

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

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