Transposition errors can occur when you’re writing down two numbers or a sequence of numbers (e.g., 2553 vs. 5253). As such, the account was under-debited by $90, while the sales account was under-credited by the same amount. Charles Hall is a practicing CPA and Certified Fraud Examiner. He frequently speaks…

The number is used to calculate many common financial metrics, such as earnings per share (EPS) and market capitalization. Outstanding shares represent a company's shares that are held by investors, whether they're individual, institutional, or insiders. Investors can find the total number of outstanding shares a company has on its…

The company now has 5,000 authorized shares, 2,000 issued, 500 in treasury stock, and 1,500 outstanding. The outstanding stock is equal to the issued stock minus the treasury stock. Helpful Fool Company's board has elected to issue just 2,000 shares at this time. Ask Any Financial Question The balance sheet…