The number of shares outstanding is: 138,000 shares.
Using this formula
Number of shares outstanding=Shares issued-Shares of treasury stock
Where:
Shares issued=173,000
Shares of treasury stock=35,000
Let plug in the formula
Number of shares outstanding=173,000-35,000
Number of shares outstanding=138,000 shares
Inconclusion the number of shares outstanding is: 138,000 shares.
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