Question
Common stock, $10 par value, 2,000,000 shares authorized 640,000 shares issued. $6,400,000 Paid in capital in excess of par 26,108,000 Retained earnings 6,936,000 Treasury stock,
| Common stock, $10 par value, 2,000,000 shares authorized 640,000 shares issued. | $6,400,000 |
| Paid in capital in excess of par | 26,108,000 |
| Retained earnings | 6,936,000 |
| Treasury stock, 47,000 common shares, at cost | (865,000) |
During 2023, Beal had the following stock transactions:
February 22: Issued 106,000 common shares for cash.
June 19: Executed a 5-for-1 stock split.
October 13: Purchased 12,000 shares of common stock for the treasury.
How many shares of common stock are outstanding at December 31, 2023?
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Artificial Intelligence In Accounting Practical Applications
Authors: Cory Ng, John Alarcon
1st Edition
0367542013, 978-0367542016
