multiple choice question

anuu, inc. sold 100,000 shares of the 1,000,000 shares it is allowed to sell. anuu repurchased 10,000 of these shares. the number of shares issued equals ______ shares.

10,000
1,000,000
90,000
910,000
100,000

Question

multiple choice question

anuu, inc. sold 100,000 shares of the 1,000,000 shares it is allowed to sell. anuu repurchased 10,000 of these shares. the number of shares issued equals ______ shares.

10,000
1,000,000
90,000
910,000
100,000

Accepted Answer

{ "quality": "clear", "question_count": 1, "skills_matched": [ "step_cot", "multiple_choice_formatter", "explain_then_answer", "quick" ], "needs_drawing": false, "concepts_used": [ "Authorized Shares", "Issued Shares", "Outstanding Shares", "Treasury Stock" ], "new_concepts": [], "current_concepts": [ "Authorized Shares", "Issued Shares", "Outstanding Shares", "Treasury Stock" ] } ## Identify the given share quantities $$ \begin{aligned} &\text{Authorized Shares} = 1,000,000 \ &\text{Shares Sold (Initially Issued)} = 100,000 \ &\text{Shares Repurchased (Treasury Stock)} = 10,000 \end{aligned} $$ ## Apply the definition of issued shares $$ \begin{aligned} &\text{Issued Shares} = \text{Total shares ever sold/distributed to stockholders} \ &\text{Issued Shares} = 100,000 \end{aligned} $$ ## Distinguish from outstanding shares $$ \begin{aligned} &\text{Outstanding Shares} = \text{Issued Shares} - \text{Treasury Shares} \ &\text{Outstanding Shares} = 100,000 - 10,000 = 90,000 \end{aligned} $$

10,000

1,000,000

90,000

910,000

100,000

{ "subject": "Business", "question_type": "Multiple Choice", "knowledge_point": [ "Business", "Accounting", "Issued Shares" ] }

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QUESTION IMAGE

Question

Explanation:

Identify the given share quantities

Apply the definition of issued shares

Distinguish from outstanding shares

Answer: