Jim Croce Corporation's stockholders' equity at December 31 consists of the following: Preferred stock, 8%, $50 par
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Question:
Jim Croce Corporation's stockholders' equity at December 31 consists of the following:
Preferred stock, 8%, $50 par value, 100,000 shares authorized, 15,000 shares issued and outstanding | $750,000 |
Common stock, $5 par value 600,000 shares authorized, _ shares issued and, _ shares outstanding | $2,700,000 |
Additional paid-in capital in excess of par -Common | $1,000,000 |
Retained Earnings | $500,000 |
Treasury Stock ($25,000 shares) | $200,000 |
Compute the number of common shares Issued.
Related Book For
Financial Accounting Information for Decisions
ISBN: 978-1259533006
8th edition
Authors: John J. Wild
Posted Date: