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4. Use the incomplete stockholders' equity section of Box Company's balance sheet as of December 31, 2016, to answer the following question. Common stock, $7 par, 100,000 shares authorized Additional paid-in capital common Retained earnings Treasury stock (2,000 shares at cost) Total stockholders' equity How many shares of common stock are outstanding? a. 100,000 b. 98,000 c. 78,000 d. 68,000 $ 700,000 160,000 ? (16,000) 974,000

4. Use the incomplete stockholders' equity section of Box Company's balance sheet as of December 31, 2016, to answer the following question. Common stock, $7 par, 100,000 shares authorized Additional paid-in capital common Retained earnings Treasury stock (2,000 shares at cost) Total stockholders' equity How many shares of common stock are outstanding? a. 100,000 b. 98,000 c. 78,000 d. 68,000 $ 700,000 160,000 ? (16,000) 974,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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4. Use the incomplete stockholders' equity section of Box Company's balance sheet as of December 31, 2016, to answer the following question. Common stock, $7 par, 100,000 shares authorized Additional paid-in capital common Retained earnings Treasury stock (2,000 shares at cost) Total stockholders' equity How many shares of common stock are outstanding? a. 100,000 b. 98,000 c. 78,000 d. 68,000 $ 700,000 160,000 ? (16,000) 974,000
Transcribed Image Text:4. Use the incomplete stockholders' equity section of Box Company's balance sheet as of December 31, 2016, to answer the following question. Common stock, $7 par, 100,000 shares authorized Additional paid-in capital common Retained earnings Treasury stock (2,000 shares at cost) Total stockholders' equity How many shares of common stock are outstanding? a. 100,000 b. 98,000 c. 78,000 d. 68,000 $ 700,000 160,000 ? (16,000) 974,000
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