Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please give me a detailed answer 3G it. : ) ito birzeit.edu E Paid in capital: Preferred stock. $ 100 par, authorized 20,000 shares, issued
Please give me a detailed answer
3G it. : ) ito birzeit.edu E Paid in capital: Preferred stock. $ 100 par, authorized 20,000 shares, issued and $400,000 Outstanding 4,000 shares Common stock, $ 5 par, authorized 2 million shares, issued and $1,800,000 Outstanding ??????? shares Common stock dividends distributable $90,000 Paid in capital in excess of par- $200,000 common $82,000 Paid in capital in excess of par- preferred Total paid in Capital Retained Earnings Total stockholders' Equity $2,572,000 $540,000 $3,112,000 In January 2021, the stock dividends was issued, and the company re-acquired some of its common shares from the market, by paying $240,000, when the market price was $ 6 per share. Required: how many shares are outstanding at the end of January 2021? (Write your answer as a number only (no commas or $ signs)Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started