Question
$500,000 480,000 360,000 48,000 (55,000) $1,333,000 5,000 $1,338,000 DQuestion 22 The shareholders' equity section of Nakoma Inc. provides information as follows: Stockholders' equity Common
$500,000 480,000 360,000 48,000 (55,000) $1,333,000 5,000 $1,338,000 DQuestion 22 The shareholders' equity section of Nakoma Inc. provides information as follows: Stockholders' equity Common stock. $1 par, 1,750,000 shares authorized, 500,000 shares issued, 490,000 shares outstanding Paid-in capital in excess of par-Common stock Retained earnings Accumulated other comprehensive income Less: Treasury stock, 10,000 shares at cost Total equity attributable to Nakoma Inc. stockholders Equity attributable to noncontrolling interests Total stockholders' equity During 2020, Nakoma Inc. has the following transactions: On January 15, 2020, issued 5,000 shares of $1 par value common stock for $20 per share. On June 30, 2020, purchased 4,000 common shares for the treasury at $18 per share. On October 28, 2020, declared and issued a 2-for-1 stock split effected in form of a 100% large stock dividend. On December 15, 2020, retired 4,000 treasury shares. Required: Given the transactions above, on December 31, 2020, 1. The number of authorized shares is shares. 2. The number of issued shares is 3. The number of outstanding shares is 4. The number of treasury shares is shares. shares. shares. 8 pts
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