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The stockholders' equity section of Monty Corp.'s balance sheet at December 31 is presented here MONTY CORP Balanoe Sheet (partial) Stockholders' equity Paid-in capital Common
The stockholders' equity section of Monty Corp.'s balance sheet at December 31 is presented here MONTY CORP Balanoe Sheet (partial) Stockholders' equity Paid-in capital Common stock, no par, 735,776 shares authorized, 569,000 shares issued Total paid-in capital Retained earnings Preferred stock, cumulative, 10,000 shares authorized, 6,000 shares issued and outstanding 612,000 2,276,000 2,888,000 1,164,000 Total paid-in capital and retained earnings 4,052,000 27,733 $4,024,267 Less: Treasury stock (5,200 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? Common stock outstanding 563,000 shares
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