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cotton company has 120000 shares issued of 5 par common stock the company currently has 6000 shares at a total cost of 8000 as treasury stock if the company buys another 6000 shares of treasury stock at 12 per share the outstanding would be

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Based on the Cotton company buying another 6,000 shares of treasury stock, the outstanding stock would be 108,000 shares.

How many shares would remain outstanding?

The number of shares that would be outstanding is:

= Issued shares - Treasury shares

Solving gives:

= 120,000 - 6,000 - 6,000

= 120,000 - 12,000

= 108,000 shares

Find out more on treasury shares at https://brainly.com/question/14058503.

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