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QUESTION 18 The balance sheet of Cool Corporation reported 300,000 shares outstanding 400,000 shares authorized, and 40,000 shares in treasury stock. How many shares are
QUESTION 18 The balance sheet of Cool Corporation reported 300,000 shares outstanding 400,000 shares authorized, and 40,000 shares in treasury stock. How many shares are issued? O a. 360,000 Ob.400,000 Oc 300,000 d. 340,000 QUESTION 19 On May 1, Nerd Corporation purchased 400 shares of the company's own common stock at $20 cash per share. On May 31, tressed 200 of those shares at 530 cash per share. As a result of this transaction what was the amount of the gain Nerd reported in its income statement for that year? a. $4,000. b. $0. c. $6,000 d. $2,000
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