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The data of Damp Corporation is shown as of December 31, 2022: Common stock, par $10 (authorized 100,000 shares): $500,000 Treasury stock (at cost $12
The data of Damp Corporation is shown as of December 31, 2022:
Common stock, par $10 (authorized 100,000 shares): $500,000
Treasury stock (at cost $12 per share): $1,200
Based on the information, how many shares of common stock are outstanding?
a. 22,782
b. 50,100
c. 30,000
d. 50,000
e. 49,900
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