The charter of Vista West Corporation specifies that it is authorized to issue 217,000 shares...
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Accounting
The charter of Vista West Corporation specifies that it is authorized to issue 217,000 shares of common stock. Since the company was incorporated, it has sold a total of 148,000 shares (at $16 per share) to the public. It has bought back a total of 17,000. The par value of the stock is $5. When the stock was bought back from the public, the market price was $27. Required: 1. Determine the authorized shares.
2. Determine the issued shares.
3. Determine the outstanding shares.
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