Question
The following data is available for Blaine Corporation at December 31, 2015: Common stock, par $10 (authorized 30,000 shares) $250,000 Treasury Stock (at cost $15
The following data is available for Blaine Corporation at December 31, 2015: Common stock, par $10 (authorized 30,000 shares) $250,000 Treasury Stock (at cost $15 per share) 900 Based on the data, how many shares of common stock are outstanding?
Answer 30,000 25,000 29,940 24,940
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve
9th Edition
0324381921, 978-0324381924
