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The authorized share capital of the Alfred Cake Company is 110,000 shares. The equity is currently shown in the company's books as follows: Common
The authorized share capital of the Alfred Cake Company is 110,000 shares. The equity is currently shown in the company's books as follows: Common stock ($2 par value) Additional paid-in capital Retained earnings Common equity Treasury stock (4,000 shares) Net common equity a. How many shares are issued? b. How many shares are outstanding? $ 79,000 29,000 49,000 $ 157,000 23,000 $ 134,000 c. How many more shares can be issued without the approval of shareholders? a. Number of shares issued b. Outstanding shares c. Number of shares issued my
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