Dorado Company is authorized to issue 1,000,000 shares of common stock. They issued 400,000 shares of $5 par value stock for $18 per share. They repurchased 100,000 shares at $20 per share and reissued 20,000 of the Treasury shares at $22 per share. Assuming no shares were retired, what is the number of shares outstanding?

Answer rating: 100% (QA)

Lets break down the transactions 1 Initial Issuance Dorado Company issued 4... View the full answer