The charter of Vista West Corporation specifies that it is authorized to issue 214,000 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 14,000. The par value of the stock is $4. When the stock was bought back from the public, the market price was $26.

The charter of Vista West Corporation specifies that it is authorized to issue 214,000 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 14,000. The par value of the stock is $4. When the stock was bought back from the public, the market price was $26.

Required:

1. Determine the authorized shares.

 

2. Determine the issued shares.

 

3. Determine the outstanding shares.

 

Issued shares	148,000
Treasury stock	(14,000)
Outstanding shares	134,000