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The stockholders' equity section of Blue Spruce Corp's balance sheet at December 31 is presented here. Stockholders' equity Paid-in capital BLUE SPRUCE CORP. Balance Sheet
The stockholders' equity section of Blue Spruce Corp's balance sheet at December 31 is presented here. Stockholders' equity Paid-in capital BLUE SPRUCE CORP. Balance Sheet (partial) Preferred stock, cumulative, 8,600 shares authorized, 5,200 shares issued and outstanding Common stock, no par, 747,000 shares authorized, 577,000 shares issued Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (5,400 common shares) Total stockholders' equity From a review of the stockholders' equity section, answer the following questions. (a) How many shares of common stock are outstanding? $530,400 2,308,000 2,838,400 1,180,000 4,018,400 28,800 $3,989,600
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