contestada

The following data is available for Pina Colada Corp. at December 31, 2017:
Common stock, par $10 (authorized 28000 shares) $196000
Treasury stock (at cost $15 per share) $900
Based on the data, how many shares of common stock are outstanding ?

Respuesta :

ahmedgodtrust

Answer:

No of common stock outstanding

= Total value of common stock issued

   Par value per share

= $196,000

    $10

= 19,600 shares

Explanation:

In this case, we will divide the total value of common stock issued by the par value per share so as to obtain the number of common stock outstanding.

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