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The equity portion of a company's balance sheet for end of 2015 and 2016 is shown below: 2015 2016 Common Stock (0.50 par) $4,500,000 $4,800,000
The equity portion of a company's balance sheet for end of 2015 and 2016 is shown below:
2015 2016
Common Stock (0.50 par) $4,500,000 $4,800,000
Capital Surplus $8,600,000 $11,300,000
Retained Earnings $1,967,500 $4,492,000
Calculate the total number of new shares the company issued in 2016.
| A. | 600,000 shares | |
| B. | 150,000 shares | |
| C. | 1,000,000 shares | |
| D. | 300,000 shares |
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