Question

The following data is available for Oriole Company at December 31, 2020: Common stock, par $10...

The following data is available for Oriole Company at December 31, 2020:

Common stock, par $10 (authorized 29000 shares)

$232000

Treasury stock (at cost $15 per share)

$975


Based on the data, how many shares of common stock are outstanding?

23200.

29000.

23135.

26035.

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Answer #1


Solution: 23135 shares outstanding=shares issued-treasury stock (232000/10)-(975/15)

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