Question: Below is some select information from a company's balance sheet. Common Stock (75,000 shares authorized), $20 par $920,000 Paid-in Capital in Excess of Par -

Below is some select information from a company's balance sheet. Common Stock (75,000 shares authorized), $20 par $920,000 Paid-in Capital in Excess of Par - Common Stock 322,000 Treasury Stock (2,600 shares) 75,400 Paid-in Capital from Sale of Treasury Stock 22,700 Retained Earnings 46,300 How many shares of common stock are outstanding based on the information above?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

The following diagram illustrates the reaction functions and isoprofit curves for a homogeneous-product duopoly in which each firm produces at constant marginal cost.a. If your rival produces 50...

Please help me fill the rest of this out and explain the computations. Additionally, on Feb. 5th the directors declare a 20% stock dividend distributable on Feb. 28th to the Feb. 15th stockholders of...

Please help me fill this out and explain the computations. At the bottom I'm supposed to do journal entries to record both the dividend declaration and it's distribution along with journal entries to...

5 "Presented below is THE STOCKHOLDERS EQUITY SECTION OF A BALANCE SHEET Common Stock, Par Value PAR VALUE SHE BALANCE $1.00 $4,500,000 Paid-in Capital in Excess of Par- Common Stock $650,000...

can you help me please Prepare a statement of stockholders' equity , and a classified balance sheet for fortune. Issued 15,000 shares of $20 par common stock at $30, receiving cash. Issued 4,000...

I need help On the ratios August 31, 2020 Adjusted Trial Balance Dr. August 31, 2019 Adjusted Trial Balance Dr. August 31, 2018 Adjusted Trial Balance August 31, 2017 Adjusted Trial Balance Dr....

1. Whitacre Company's Stockholders Equity section of the balance sheet on December 31 2017 Common Stock, 510 par value, Additional paid-in capital Retained earning 60,000 shares issued and...

prepare a multi-step income statement, statement of stockholders' equity , and classified balance sheet for fortune. Issued 15,000 shares of $20 par common stock at $30, receiving cash. Issued 4,000...

I just need help with the last part of the question!! Metlock Company reported the following amounts in the stockholders' equity section of its December 3 1 , 2 0 2 4 , balance sheet. Preferred...

As of December 31, 20X1, information for the stockholders equity accounts of Frontier Company was as follows: Common Stock, $1 par (800,000 shares authorized, 30,000 shares issued) Paid-In Capital in...

Reporting Stockholders' Equity The following data are from the accounts of Mitar Corporation at December 31, 2020. Retained earnings, beginning balance $2,160,000 Common stock, $_par, 240,000 shares...

What are the differences between common shares and preferred shares?

For a confidence level of 95 with a sample size of 29. Find the critical value if you want to estimate the mean and don't know the standard deviation of the population.

Depreciation on the shelving at home depot is a ( n ) period cost?

The design of a new multinational personnel selection system at MobilCom. Louisa is a senior HR manager at MobilCom, currently residing and working in the Kuala Lumpur (KL) office. She had completed...

Kelly Company issues 12% bonds with a face value of $10,000 and 600 shares of $10 par common stock in a combined sale, receiving total proceeds of $23,000. Required Record the transaction for each...

Using the figure in question 11, perform resource-limited scheduling. Assume that you have only three workers available at any given time. What is the new completion date for the project?

The Barb Company has provided information on intangible assets as follows: 1. A patent was purchased from the Lou Company for $1,500,000 on January 1, 2006. Barb estimated the remaining useful life...

Complete both sections 1 and 2. 1. Depreciation Expense Valley Corporation purchased a new piece of equipment on June 1, 2015. The cost of this machine was $325,000. The company estimated that the...

Question 7 . Given the following simple maze, convert the maze into a graph. ( 5 points ) Question 8 . Implement depth first search in the maze function in homework 1 . py . ( 2 0 points ) Question 9...

5. Develop a circular model, with positive and negative feedback loops, showing the relationships between the following critical variables: The population of a city Industrialization Relocation ...

The quality of the proposed ideas

The number of new ideas that emerge