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The following data is available for Santos Service Corporation at December 31, 2014: Common stock, par $10 (authorized 100,000 shares) $400,000 Treasury Stock (at cost
The following data is available for Santos Service Corporation at December 31, 2014:
| Common stock, par $10 (authorized 100,000 shares) | $400,000 | |
| Treasury Stock (at cost $15 per share) | $27,000 |
Based on the data, how many shares of common stock are outstanding?
|
| 49,880 |
|
| 40,000 |
|
| 38,200 |
|
| 50,000 |
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Youre A Golden Auditor Keep It Up
Authors: Auditor Publishing
1st Edition
165805931X, 978-1658059312
