The number of shares of authorized stock of a corporation: changes every time stock is sold. is started in the charter. has no limit. must be recorded a s a journal entry. Brooklyn Company reports the following information at the first year end of December 31, 2015: How many shares of common stock were sold? 8.8 million 88 million 788 million 880 million On January 1, 2015. Brooklyn Company purchases $1,00,000, 6% bonds at a price of 95 and a maturity date of January 1, 2025. Brooklyn Company intends to hold the bonds until maturity. Interest is paid semiannually, on January 1 and July 1. Brooklyn Company has a calendar year end. The adjusting entry to amortize the bond investment on December 31, 2015 is: debit interest Receivable $3,000 and credit Interest Revenue $3,000. debit Interest Receivable $6,000 and credit Interest Revenue $6,000. debit HeId-to-Maturity Investment in Bonds $250 and credit Interest Revenue $250. debit Held-to-Maturity Investment in Bonds $500 and credit Interest Revenue $500. Mews Corporation has the following information reported on the balance sheet as of December 31 2014. Based on the information above, how many shares of common stock have been issued? 20,000 7,000 5,000 2,000 On January 1, 2014, Bucket Company purchased as an investment a $1,000, 7% bond for $980