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I'm a big believer in visualizing success. I was a late bloomer, but Mom always told me to picture myself as the largest land mammal in North America. Now who's the size of a small pickup truck? This buffalo.
  • To answer these questions, refer to the following information:

    A company has 4 million shares authorized. It initially issued 3 million and then repurchased 500,000.

    • 1.

      How many shares does the company have outstanding?

    • 2.

      What if instead the company retired the 500,000 repurchased shares. How many shares are outstanding?

    • 3.

      If the company retired the repurchased stock, how many shares are authorized?