Answer:
16,000 shares
Explanation:
The computation of the number of outstanding shares is shown below:
As we know that
Number of outstanding shares = Issued shares - Treasury shares
where,
Issued shares is 24,000
And, the treasury shares is 8,000
So, the number of outstanding shares is
= 24,000 - 8,000
= 16,000
We simply applied the above formula so that the number of outstanding shares could come
