Question: E 1 1 - 1 ( Algo ) Computing Shares Outstanding [ LO 1 1 - 1 ] The annual report for Raleigh - Smith
EAlgo Computing Shares Outstanding LO
The annual report for RaleighSmith Companies disclosed that billion shares of common stock have been authorized. At the beginning of million shares had been issued and the number of shares in treasury stock was million. During the only common share transactions were that million common shares were reissued from treasury and million common shares were purchased and held as treasury stock.
Required:
Determine the number of common shares a issued, b in treasury, and c outstanding at the end of Enter your answers in millions.
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