Question

Harvey Corporation shows the following in the stockholders’ equity section of its balance sheet: The par value of its common stock is $0.25 and the total balance in the common stock account is $50,000. Also noted is that 15,000 shares are currently designated as treasury stock.
The number of shares outstanding is:
a. 215,000.
b. 200,000.
c. 196,250.
d. 185,000.


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  • CreatedSeptember 22, 2015
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