Calculate the Number of Shares of Common Stock Issued by Concord Corporation

How many shares of common stock are issued by Concord Corporation as of December 31, 2020?

Concord Corporation has 26,430 shares of common stock issued as of December 31, 2020.

Answer:

Concord Corporation has 26,430 shares of common stock issued as of December 31, 2020.

Shares of common stock play a crucial role in determining the financial health and ownership structure of a corporation. In the case of Concord Corporation, the number of shares issued is calculated based on the authorized shares and treasury stock.

Authorized shares represent the maximum number of shares that a corporation is allowed to issue, which in this case is 26,500 shares. On the other hand, treasury stock refers to shares that a company has repurchased from the open market, which is held in the company's own treasury.

To calculate the number of shares of common stock issued by Concord Corporation, we subtract the treasury shares from the authorized shares. The treasury stock of $1,050, which was repurchased at $15 per share, equates to 70 shares. Therefore, the number of shares issued is determined by subtracting the treasury shares from the authorized shares, resulting in 26,430 shares as of December 31, 2020.

Understanding the intricacies of shares of common stock is essential for investors, stakeholders, and financial analysts to assess the company's performance and shareholder equity. Concord Corporation's issuance of 26,430 shares signifies its capital structure and shareholder ownership, reflecting the company's growth and financial stability.