Question
Use the incomplete stockholders' equity section of XZ Company's balance sheet as of December 31, 2012, to answer the following question. Common stock, $7 par,
Use the incomplete stockholders' equity section of XZ Company's balance sheet as of December 31, 2012, to answer the following question.
Common stock, $7 par, 100,000 shares authorized $700,000 Additional paid-in capital--common 160,000 Retained earnings ? Treasury stock (3,000 shares at cost) (16,000) Total stockholders' equity 974,000
How many shares of common stock are outstanding? Select one: a. 97,000 b. 100,000 c. 68,000 d. 78,000
--------------- I do not want a detailed answer. I just want the final answer as soon as possible. Solve quickly I get you thumbs up directly Thank's Abdul-Rahim Taysir
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