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    cwaller's Avatar
    cwaller Posts: 19, Reputation: 1
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    #1

    Oct 15, 2010, 10:23 AM
    Compute the maximum number of new shares that crutcher could issue.
    The balance sheet for crutcher corporation reported 247,000 shares outstanding, 300,000 shares authorized and 20,000 shares in treasury stock. Compute the maximum number of new shares that crutcher could issue
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Oct 15, 2010, 10:31 AM

    Subtract the shares outstanding from the shares authorized.
    cwaller's Avatar
    cwaller Posts: 19, Reputation: 1
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    #3

    Oct 15, 2010, 10:34 AM
    Comment on pready's post
    What about the treasury stock shares
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    pready Posts: 3,197, Reputation: 207
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    #4

    Oct 15, 2010, 10:40 AM

    Treasury shares were shares that were issued, but the company purchased them. They could be reissued or they could be retired.
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