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The stockholders' equity section of the balance sheet of Crammond Corporation at December 31, appears as follows: Stockholders' Equity $3 preferred stock, $100 par, 10,000
The stockholders' equity section of the balance sheet of Crammond Corporation at December 31, appears as follows: |
Stockholders' Equity | |
$3 preferred stock, $100 par, 10,000 shares authorized | $ 790,000 |
Common stock, $2 par, 100,000 shares authorized | 168,000 |
Additional Paid-in Capital: | |
From issuance of preferred stock | 225,000 |
From issuance of common stock | 770,000 |
Total paid-in capital | 1,953,000 |
Retained earnings | 895,000 |
Total Stockholders' equity | $ 2,848,000 |
|
Refer to the information above. How many shares of common stock are outstanding?
84,000. | |
89,000. | |
110,000. | |
100,000. |
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