Question
14 2 pts The corporate charter for Badgered Company authorizes the issuance of 10,000 shares of preferred $4 stock, $50 par, and 100,000 shares of
14 2 pts The corporate charter for Badgered Company authorizes the issuance of 10,000 shares of preferred $4 stock, $50 par, and 100,000 shares of $20 par common stock. At the end of the current year, the titles and balances of the stockholders' equity accounts are as follows: Common Stock........... $1,000,000 Paid in Capital in Excess of Par-Common Stock....................... 500,000 10,000 Paid-in Capital form Sale of Treasury Stock Preferred Stock................ 300,000 Paid-in Capital in Excess of Par-Preferred Stock................. 10,000 Retained Earnings.......... 500,000 Treasury Common Stock (2,000 shares at cost).................. 20,000 How many shares of Common Stock have been issued? 50,000 10,000 not enough information to determine 100,000
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