The authorized share capital of the Alfred Cake Company is 100,000 shares. The equity is currently...

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The authorized share capital of the Alfred Cake Company is 100,000 shares. The equity is currently shown in the company's books as follows: Common stock ($2 par value) Additional paid-in capital Retained earnings Common equity Treasury stock (5,000 shares) Net common equity a. How many shares are issued? b. How many shares are outstanding? $ 70,000 20,000 40,000 $ 130,000 14,000 $ 116,000 c. How many more shares can be issued without the approval of shareholders? a. Number of shares issued b. Outstanding shares c. Number of shares issued The authorized share capital of the Alfred Cake Company is 100,000 shares. The equity is currently shown in the company's books as follows: Common stock ($2 par value) Additional paid-in capital Retained earnings Common equity Treasury stock (5,000 shares) Net common equity a. How many shares are issued? b. How many shares are outstanding? $ 70,000 20,000 40,000 $ 130,000 14,000 $ 116,000 c. How many more shares can be issued without the approval of shareholders? a. Number of shares issued b. Outstanding shares c. Number of shares issued