Answer:
3,000
Explanation:
Data provided in the question:
Number of shares authorized = 15,000
Number if shares issued = 4,500
Number of shares repurchased = 1,500
Now,
Total shares outstanding = Shares issued - Shares repurchased
or
Total shares outstanding = 4500 - 1,500
or
Total shares outstanding = 3,000
Hence,
3,000 shares are outstanding at December 31
<span>An
opportunity cost of an investment is the difference between the return of an
investment taken and the return of another investment that one had not taken.
It is the forgone opportunity of an investment not taken or pursued. It is the
amount of money one could have made had one chosen to pursue the other
investment. </span>
