In a recent annual report, Outerwall Inc. (formerly Redbox) disclosed that 60,000,000 shares of common stock have

Question:

In a recent annual report, Outerwall Inc. (formerly Redbox) disclosed that 60,000,000 shares of have been authorized. At the beginning of the fiscal year, a total of 36,356,357 shares had been issued and the number of shares in treasury stock was 7,171,269. During the year, 558,765 additional shares were issued, and the number of treasury shares increased by 3,034,188. Determine the number of shares outstanding at the end of the year.
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...