Question: On 1 / 1 / 2 0 1 9 , Hedex, Inc. has 2 , 5 0 0 , 0 0 0 shares of Common

On 1/1/2019, Hedex, Inc. has 2,500,000 shares of Common Stock authorized, 820,000 shares of Common Stock issued and 790,000 shares of Common Stock outstanding. During 2019, the company issued another 25,000 shares and reacquired 6,000 of its own shares as Treasury Stock. As of \(12/31/2019\), what is the number of shares of the company's Common Stock that would be outstanding?
On 1/1/2019, Hedex, Inc. has 2,500,000 shares of Common Stock authorized,

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!

Q:

A manufacturing company had the following outstanding shares as of January 1, year 2: Preferred stock, $100 par, 7%, cumulative 116 shares Common stock, $1 par 1,958 shares On April 1, year 2, the...

Q:

CPA Question 06 A company had the following outstanding shares as of January 1, year 2: Preferred stock, $60 par, 4%, cumulative 10,000 shares Common stock, $3 par 50,000 shares On April 1, year 2,...

Q:

A company had the following outstanding shares as of January 1, year 2: Preferred stock, $60 par, 4%, cumulative 15,000 shares Common stock, $3 par 45,000 shares On April 1, year 2, the company sold...

Q:

A company had the following outstanding shares as of January 1, year 2: Preferred stock, $60 par, 4%, cumulative 10,000 shares Common stock, $3 par 50,000 shares On April 1, year 2, the company sold...

Q:

on january 1 , 2 0 2 5 , skysong Inc. had cash and common stock of $ 6 1 , 6 4 0

Q:

Accounting Cycle ProjectTransaction Practice Set B&G MusicACC5100 - Winter 2017 - Prof Chung You have been hired as an accountant for B&G Co., a corporation performing diverse consulting services in...

Q:

Hi I was wondering if anyone could help with my Accounting Cycle Project due tomorrow. Im having difficulty finishing it. if any one could answer it I was be extremely grateful! Accounting Cycle...

Q:

Please review the attached word document with the question details. Attached is the excel work book to use to complete the work. Please let me know You have been hired as an accountant for B&G Co., a...

Q:

Prepare a Statement of Stockholder's Equity Part 2 Instructions Page 2 The balances listed below are for December 31 and already include the journal entries you just prepared except for the...

Q:

Reporting paid-in capital The following accounts and their balances were selected from the adjusted trial balance of Point Loma Group Inc., a freight forwarder, at October 31, the end of the current...

Q:

Saved LeBaron Corporation receives most payments by mail. When the payments are received in the mail, they are opened by two employees who stamp the checks For Deposit Only and make a list of the...

Q:

You research repair costs of microwave ovens and find that the population standard deviation is $15. Repeat Exercise 19, using the standard normal distribution with the appropriate calculations for a...

Q:

What would most states pay when an individual is fatally injured on the job? Multiple Choice death benefits to the employee's survivors only funeral expenses only death benefits and funeral expenses...

Q:

Investment property located in "Salmiya" area with a plot size of 4 1 8 . 6 1 square meters, overlooking two internal streets ( corner location ) . The building is utilized to the highest and best...