Question
A company filed to be incorporated with the state of California and chose December 31 as its year end. In it's corporate charter the company
A company filed to be incorporated with the state of California and chose December 31 as its year end. In it's corporate charter the company indicated it intends to issue 800,000 shares of common stock. During the first year, the company sold 75,000 shares of stock in January, 30,000 shares of stock in May, and repurchased 18,000 shares of it's own common stock in November. There were no other stock transactions during the year.
Required: Determine what the December 31 Balance Sheet would show for each of the following: (enter your answers in the boxes provided. Use commas in your responses)
Common stock shares authorized:
Common stock shares issued:
Common stock shares outstanding:
Shares of treasury stock:
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