The corporation has 150,000 shares of $2 par common stock authorized and 52,000 shares are currently outstanding.

Fantastic news! We've Found the answer you've been seeking!

Question:

The corporation has 150,000 shares of $2 par common stock authorized and 52,000 shares are currently outstanding. Treasury stock has debit of $26,700.

What is the number of shares issued?

Related Book For answer-question

Financial Accounting

ISBN: 978-0470507018

7th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

See More Books

Posted Date: Mar 23, 2024 12:58 AM

See More Questions

The stockholders meeting for Harris Corporation has been in progress for some time. The chief financial officer for Harris is presently reviewing the companys financial statements and is explaining...
In a recent study, Americans stated that they were willing to pay $70 billion to protect all endangered species and also stated that they were willing to pay $15 billion to protect a single species....
Electrical fuses are sold in boxes of N = 20 fuses, and an acceptance sampling procedure is implemented with a random sample of size n = 3 and a value c = 1. Calculate and compare each value exactly...
What is a nuclear transformation? How do you balance nuclear transformation reactions? Particle accelerators are used to perform nuclear transformations. What is a particle accelerator?
Identify the four components of an ecosystem. After you do this try to visualize the interactions of these four components of an ecosystem as illustrated by Figure 2. 2 in the textbook. Does this...
The comparative statements of Villa Tool Company are presented below. All sales were on account. The allowance for doubtful accounts was $3,200 on December 31, 2011, and $3,000 on December 31, 2010....
Research Web-based database technologies and identify a database management system (other than SQL Server, MySQL, or Oracle) that is used to deploy applications to the Web and the cloud. Discuss the...
Consider the unadjusted trial balance of Burrows Landscaping at December 31, 2023, and the related month-end adjustment data: The following adjustments need to be made on December 31 before the...
Compute the following ratios for 2017. (Weighted-average ordinary shares in 2017 were 60,000.) -Accounts receivable turnover. -Inventory turnover. -Times interest earned. -Asset turnover. -Debt to...
One form of Ohm's law is: E = IXR where, E is the applied voltage and is measured in volts (V) I is the circuit current and is measured in amperes (A) R is the circuit resistance and is measures...
In the middle of the night, Aspen Family Fitness suffered an incident which was initially discovered to be a distributed denial of service (DDoS) attack. From 4:30am, Ken Hu, CIO, was responsible for...
Consider this small network with five vertices: a. Calculate the cosine similarity for each of the (5) = 10 pairs of vertices. b. Using the values of the ten similarities construct the dendrogram for...
You are hired by a large corporation as a consultant to advise on the use of derivatives to hedge commodity price risk. The analysis will involve (i) designing hedging strategies using futures...
In 2021, America's Healthcare cost $14,009.33 per family. Assuming a forecasted cost of $21,065.25 in 2022, how much more will a family pay in 2022?
Read the article " The Origins of the New Terrorism by Matthew J, Morgan" and write a paper about this article.
Use a calculator to evaluate the expression. Round your result to the nearest thousandth. V (32 + #)
Let $X_{1}, \ldots, X_{n}$ be a set of independent and identically distributed random variables from a distribution $F$ that has parameter $\theta$. Let $\hat{\theta}_{n}$ be an unbiased...
Consider a sequence of random variables $\left\{X_{n}ight\}_{n=1}^{\infty}$ where $X_{n}$ has probability distribution function \[f_{n}(x)= \begin{cases}{[\log (n+1)]^{-1}} & x=n \\ 1-[\log...
Consider an arbitrary probability measure space $(\Omega, \mathcal{F}, P)$ and let $X_{r}$ be the collection of all possible random variables $X$ that map $\Omega$ to $\mathbb{R}$ subject...

The corporation has 150,000 shares of $2 par common stock authorized and 52,000 shares are currently outstanding.

Question:

Expert Answer:

Heres how we can determine this Authorized shares 150000 represent the total number of shares the co... View the full answer

Financial Accounting

Students also viewed these accounting questions