Reference no: EM133061458

Question - The annual report for Colonel Grains disclosed that1 billion shares of common stock have been authorized. At the beginning of 2017, 835 million shares had been issued and the number of shares in treasury stock was 116 million. During 2017, the only common share transactions were that 20 million common shares were reissued from treasury and 35 million common shares were purchased and held as treasury stock. Determine the number of common shares (a) issued, (b) in treasury, and (c) outstanding at the end of 2017.