What will be the number of shares authorized

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Question - Caterpillar Inc., has authorized in its charter 100,000 shares of P10 par value per ordinary share. In two years since incorporation, Caterpillar Inc. has sold 40,000 shares to shareholders and has distributed 4,000 shares as a share dividend. In addition, Caterpillar has recently sold 1,000 shares on a share subscription. One installment payment has been made on the subscription contract. Caterpillar is now contemplating the purchase of 5,000 shares to hold as treasury shares in order to increase the market price of the share. If caterpillar does purchase the 5,000 shares as treasury share, what will be the number of shares authorized, issued, and outstanding.

Reference no: EM133029708

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