Question

O $84 628,000 E $43.439,000 QUESTION 19 Crystal Palace Inc has 2.400.000 shares of common stock authorized, of which 2,000,000 are outstanding at the beginning of 2019 On June 30 2019 m additional 200.000 shares of common stock were issued On September 30, 2019 the company repurchased 500.000 shares of commossed Wars number of common shares outstanding at December 31, 2019? A 1.940,000 B. 1,500,000 C.2.200.000 D. 1,700,000 E 2,100,000 QUESTION 20 Please consider the following information related to Manchester City line for 2018 • Cost of goods sold is $100.000 • Accounts payable increased by $2.000 • Inventory increased by 55.000 Cash paid to suppliers is - A $95.000 Click Save and Sub to and Chow All Ar e a

Answer 1

19. Common share outstanding at December 31, 2019 = Beginning Balance + Issue of additional share - Repurchase

= 2000000+200000-500000

= 1700000

Option D. is correct answer.

20. Cash paid = cost of goods sold + inventory increase - accounts payable increase

= $100000+500000-200000

= $103000