Gastro Corporation issued 75,000 shares of $1.40 par value common stock. Later that year, Gastro purchased 14,000 shares of its own common stock. Two months later, it reissued 2,600 shares. How many shares are issued and outstanding?

Answer rating: 100% (QA)

To determine the number of shares issued and outstanding we need to consider the initial issuanc... View the full answer