A corporate charter specifies that the company may sell up to 20 million shares of stock. The company sells 12 million shares to investors and later buys back 3 million shares. The current number of shares of treasury stock after these transactions have been accounted for is: Multiple Choice 8 million shares. 9 million shares. 17 million shares.

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a company currently has 200,000 shares issued and 190,000 shares outstanding. if the company purchases 20.000 shares of treasury stock, what amount of shares will be outstanding?

Answer: acc

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Bernard Corporation wants to obtain P4 million in its first public issue of common stock. After the issuance, the total market value of a stock is estimated at $10  million. At present, there are 120,000 closely-held shares. REQUIREMENTS: (a) What is the amount of new shares that must be issued to obtain the P4 million? (b) After the stock issuance,  what will be the expected price per share?

A corporation has 800,000 ordinary shares outstanding, Recently, the corporation bought 100,000 shares of its own stock. At the end of the year, the corporation has P320,000 available to distribute to ordinary shareholders. What are the dividends paid per share? a. P0.40 b. P0.46 c. P2.19 d. P2.50

Suppose a company purchases 2,000 shares of its own $1 par value common stock for $16 per share. The company then resells 400 of these shares for $20 per share. Which of the following is recorded at the time of the resale? a. Credit Common Stock for $400. b. Credit Treasury Stock for $8,000. c. Credit Common Stock for $8,000. d. Credit Additional Paid-In Capital for $1,600.

Thousand Islands Resorts has 1,750,000 shares of authorized common stock, each having a $1 par value. Over the years, it has issued 1,532,000 shares, but currently 63,000 are held as treasury stock. The additional paid-in capital of the company is presently $5,314,000.   A. How many shares are now outstanding?Format: 1,111,111 B..If the company were able to sell stock at $19 per share, what is the maximum amount it could raise under its existing authorization, including treasury shares.Format: 1,111,111 C.What would be its common stock  after the financing?Format: 1,111,111 D.What would be its additional paid-in capital accounts after the financing?Format: 11,111,111

The Board of Voyager, Inc. has authorized for sale 10,000 shares of common stock at a price of $50/share.   The company has 6,000 issued shares and has 1,000 shares held in Treasury.   How much money can the company raise in total by issuing new shares of stock?       $200,000     $500,000     $350,000     $150,000