Question
D Question 10 1 pts Use the following information to answer the next 5 questions The corporate charter of ROK Corporation allows the issuance of
D Question 10 1 pts Use the following information to answer the next 5 questions The corporate charter of ROK Corporation allows the issuance of a maximum of 800,000 shares of $2 par value common stock. During the first three years of operation, Torres issued 100,000 shares at $13 per share. It later acquired 30,000 of these shares as treasury stock for $20 per share. Use comma's but do NOT use $ signs or cents. 1. How many shares of stock were authorized? D Question 11 How many shares of stock were issued? 1 pts D Question 12 How many shares of stock are outstanding? D Question 13 What is the balance in the Common Stock account? D Question 14 What is the balance in the Treasury Stock account? 1 pts 1 pts 1 pts
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