Question
A company's balance sheet contains the following information: Class A stock (par value $ 1) $ 1,000,000 Class B stock (par value $ .50) 500,000
A company's balance sheet contains the following information: Class A stock (par value $ 1) $ 1,000,000 Class B stock (par value $ .50) 500,000 Additional Paid in Capital 32,500,000 Retained Earnings 75,000,000 Treasury Stock < 15,000,000> From this we know:
Select one: a. the class B stock has no voting rights
b. there are equal numbers of shares of Class A and Class B stock
c. the stock holders have made $ 32,500,000 worth of donations to the company
d. to retire the Class A stock, the company would have to pay $ 1,000,000
e. the company has purchased 15,000,000 shares of its own class A stock
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