Question
Marvin Corporation has the following information reported on the balance sheet as of December 31, 2017: Common Stock, $10 par value (authorized 20,000 shares) $30,000
Marvin Corporation has the following information reported on the balance sheet as of December 31, 2017: Common Stock, $10 par value (authorized 20,000 shares) $30,000 Treasury Stock (1,000 shares) $30,000 Based on the information above, how many shares of common stock are outstanding?
A. 3,000.
B. 10,000.
C. 2,000.
D. 1,000
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Accounting In Emerging Economies
Authors: Mathew Tsamenyi
1st Edition
1849506256, 9781849506250
