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47. Total Retained Earnings for the company in (what is X?) a. $0 b. $150,000 c. $450,000 d. $350,000 e. Not enough information Johnny Carson,

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47. Total Retained Earnings for the company in (what is X?) a. $0 b. $150,000 c. $450,000 d. $350,000 e. Not enough information Johnny Carson, Inc. Stockholders Equity Commons Stock, $10 par(stated) value $1,600,000 Paid in Capital in Excess of Par (stated Value) 250,000 Retained Earnings X Treasury Stock 20,000 shares 300,000 Total Stockholders Equity $2,000,000 46. What is the number of shares of Common Stock that are Outstanding? a. 160,000 b. 140,000 c. 180,000 d. 185,000 e. None of the above

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