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How will the affect the total number of shares issued

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Problem 1: The shareholders' equity showed a balance of P5,915,000 after deducting 1,000 treasury ordinary shares for P25,000. There are 249,000 ordinary shares outstanding. After selling the 1,000 treasury ordinary shares for P30,000, how will this affect the total number of shares issued and outstanding?

a. No change in number of shares issued and outstanding.
b. Increase in number of shares issued and outstanding.
c. No change in number of shares issued but increase in number of shares outstanding.
d. Increase in number of shares issued but no change in number of shares outstanding.

Reference no: EM132803995

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