In Year 1, Stock to the Hand, Inc., issued 30,000 shares of the 600,000 shares of...

 

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In Year 1, Stock to the Hand, Inc., issued 30,000 shares of the 600,000 shares of $0.50 par value common stock it is allowed to sell. The total received from issuing its common stock is $300,000. Stock to the Hand bought back 3,000 shares of its stock at a cost of $13 each. It also declared and paid a $0.60 per share dividend to its common shareholders. What is the number of shares issued? In Year 1, Stock to the Hand, Inc., issued 30,000 shares of the 600,000 shares of $0.50 par value common stock it is allowed to sell. The total received from issuing its common stock is $300,000. Stock to the Hand bought back 3,000 shares of its stock at a cost of $13 each. It also declared and paid a $0.60 per share dividend to its common shareholders. What is the number of shares issued?

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