On December 31, 2011, IBM Corporation had 4,687.5 million shares of common stock authorized. There were 2,182.5

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On December 31, 2011, IBM Corporation had 4,687.5 million shares of common stock authorized. There were 2,182.5 million shares issued, and 1,019.3 million shares held as treasury stock. How many shares were issued and outstanding? How many shares were unissued? Label your computations.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Introduction to Financial Accounting

ISBN: 978-0133251036

11th edition

Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick

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