evan1646 evan1646

23-04-2024
Business

Answered

At the beginning of the year a business had an authorized share capital of 5,000,000.0 shares of which 775,000.0 were issued and are outstanding.The business issues an extra 125,000.0 to raise finance during the period.The business conducted a buy back of 55,000.0 shares during the period to fulfil employee share options. What is the outstanding number of shares at the period end?

a. 70,000.0
b. 845,000.0
c. 5,070,000.0
d. 955,000.0

Answer :

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