Answer:
170,000 shares will be outstanding.
Explanation:
From the question, it can be easily stated that -
Authorized Shares = 200,000 shares
Issued Shares = 190,000 shares
Outstanding shares = Issued shares - Treasury stock (Repurchased shares)
Outstanding shares = (190,000 - 20,000) shares
Therefore, the company has 170,000 amount of outstanding shares.
As the company repurchase the stock, those shares will be deducted from issued shares to determine outstanding shares.
