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QUESTION 2 The corporate charter of San Ben Corporation allows the issuance of a maximum of 4,000,000 shares of $1 par val common stock. During
QUESTION 2 The corporate charter of San Ben Corporation allows the issuance of a maximum of 4,000,000 shares of $1 par val common stock. During its first three years of operation, San Bern issued 2,080,000 shares at $15 per share. It later acquired 80,000 of these shares as treasury stock for $25 per share Based on the above information, answer the following questions Q1: How many shares were authorized? Q2 How many shares were issued? Q3 How many shares are outstanding? Q4 What is the balance of the Common Stock account? Q5 What is the balance of the Treasury Stock account? ctick Save and Submit to sve and sbi Chek saveAer ale MSUNG 8 0 5 CV BNM
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