The authorized common stock of SP Plumbing and Heating company is 150,000. The company's financial statement, the shareholders equity is accounted for as follows: Common stock ($2 par value) Additional paid-in capital Retained earnings Common equity Treasury stock (4,000 shares) Net common equity Answer Answer Answer $ 80,000 : 13,000 43,000 a) How many shares are issued? (4 pts) b) How many shares are outstanding? (4 pts) c) How many more shares can be issued without the approval of shareholders? (2 pts) $ 136,000 6,000 $ 130,000

The authorized common stock of SP Plumbing and Heating company is 150,000 . The company's financial statement, the shareholders equity is accounted for as follows: a) How many shares are issued? (4 pts) b) How many shares are outstanding? (4 pts) c) How many more shares can be issued without the approval of shareholders? (2 pts)