The charter of a corporation provides for the issuance of 118,267 shares of common stock. Assume...

Question

Question

Answer 1

Answer #1

Option D Total number of shares issued 36,422 Shares reacquired = 4,144 Total number of outstanding shares = 36422 - 4144 = 3

HIT THE LIKE BUTTON

Answer 2

Similar Homework Help Questions

The charter of a corporation provides for the issuance of 89,000 shares of common stock. Assume...

The charter of a corporation provides for the issuance of 89,000 shares of common stock. Assume that 45,000 shares were originally issued and 4,000 were subsequently reacquired. What is the amount of cash dividends to be paid if a $3-per-share dividend is declared? a. $123,000 Ob. $12,000 O c. $267,000 d. $135,000
The charter of a corporation provides for the issuance of 109,898 shares of common stock. Assume...

The charter of a corporation provides for the issuance of 109,898 shares of common stock. Assume that 40,712 shares were originally issued and 3,498 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2-per-share dividend is declared? a.$40,712 b.$74,428 c.$109,898 d.$3,498
The charter of a corporation provides for the issuance of 139,000 shares of common stock. Assume...

The charter of a corporation provides for the issuance of 139,000 shares of common stock. Assume that 59,000 shares were originally issued and 13,700 were subsequently reacquired. What is the number of shares outstanding?

The charter of a corporation provides for the issuance of 134,000 shares of common stock. Assume...

The charter of a corporation provides for the issuance of 134,000 shares of common stock. Assume that 62,000 shares were originally issued and 13,100 were subsequently reacquired. What is the number of shares outstanding? a. 134,000 b. 48,900 c. 62,000 d. 13,100 The Sneed Corporation issues 14,100 shares of $47 par preferred stock for cash at $66 per share. The entry to record the transaction will consist of a debit to Cash for $930,600 and a credit or credits to...
The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume...

The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 60,000 shares were originally issued and 10,000 were subsequently reacquired. What is the number of shares outstanding? a)40,000 b) 70,000 c) 50,000 d) 60,000
The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume...

The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 30,000 shares were originally issued and 5,000 were subsequently reacquired. What is the number of shares outstanding? a. 25,000 b. 35,000 c. 70,000 d. 30,000

Calculator The charter of a corporation provides for the issuance of 100,000 shares of common stock....

Calculator The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 40,000 shares were originally issued and 10.000 were subsequently reacquired.What is the number of shares outstanding?
The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume...

The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 30,000 shares were original issued and 5,000 were saber resoured. What is the number of shares outstanding? 3.70,000 b. 35,000 6. 30,000 d. 25,000
1. Nexis Corp. issues 1,000 shares of $15 par value common stock at $22 per share....

1. Nexis Corp. issues 1,000 shares of $15 par value common stock at $22 per share. When the transaction is recorded, credits are made to a.Common Stock, $7,000, and Paid-In Capital in Excess of Stated Value, $15,000 b.Common Stock, $15,000, and Paid-In Capital in Excess of Par—Common Stock, $7,000 c.Common Stock, $22,000 2. Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends:...

Sun Corporation received a charter that outhorized the issuance of 94,000 shares of $3 par common...

Sun Corporation received a charter that outhorized the issuance of 94,000 shares of $3 par common stock and 21,000 shares of $75 par 4 percent cumulative preferred stock Sun Corporation completed the following transactions during its first two years of operation: 2018 Jan. 5 Sold 14,100 shares of the $3 par common stock for $5 per share. 12 Sold 2,180 shares of the 4 percent preferred stock for $85 per share. Apr. 5 Sold 18,880 shares of the $3 par...