corp provides issuance of 200,000 shares of common stock. 40,000 shares were originally issued and 500 were reacquired. What is the number of shares outstanding?
To find the number of shares outstanding, we need to calculate the net change in the number of shares issued by the company.
The company initially issued 40,000 shares of common stock. Then, they reacquired 500 shares.
To calculate the number of shares outstanding, we need to subtract the reacquired shares from the initial shares issued:
Number of shares outstanding = Initial shares issued - Reacquired shares
Number of shares outstanding = 40,000 - 500
Number of shares outstanding = 39,500
Therefore, the number of shares outstanding is 39,500.