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Assume the following information for Western Sales, Inc.: Common Stock, $1.00 par, 226,000 shares issued, 185,000 shares outstanding Paid - In Capital in Excess of
Assume the following information for Western Sales, Inc.: Common Stock, $1.00 par, 226,000 shares issued, 185,000 shares outstanding Paid - In Capital in Excess of Par-Common: $1,730,000 Retained Earnings: $2,520,000 Treasury Stock: 41,000 shares purchased at $13.00 per share If Western Sales purchases an additional 11,000 shares of treasury stock at $15.00 per share, what number of shares will be shown as issued and outstanding? O A. 226,000 issued; 174,000 outstanding OB. 185,000 issued; 185,000 outstanding OC. 226,000 issued; 185,000 outstanding OD. 215,000 issued; 185,000 outstanding Securities are O A. assets traded between companies working in the same industry OB. always considered to be long-term investments OC. commonly traded on an exchange OD. owned by the investee
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