Harvey Corporation shows the following in the stockholders equity section of its balance sheet The par value of its common stock is $0 25 and the total balance in the common stock account is $50,000 Also noted is that 15,000 shares are currently designated as treasury stock The number of shares out...

Harvey Corporation shows the following in the stockholders equity section of its balance sheet: The par value

Question:

Harvey shows the following in the stockholders’ equity section of its balance sheet: The of its is $0.25 and the total balance in the account is $50,000. Also noted is that 15,000 shares are currently designated as treasury stock.
The number of shares outstanding is:
a. 215,000.
b. 200,000.
c. 196,250.
d. 185,000. Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...