Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A9
![Required information
[The following information applies to the questions displayed below.]
The financial statements for Highland Corporation included the following selected information:
$ 1,600,000
$ 900,000
$ 1,000,000
Common stock
Retained earnings
Net income
Shares issued
Shares outstanding
Dividends declared and paid
The common stock was sold at a price of $30 per share.
3. How many shares are in treasury stock?
Shares in treasury stock
90,000
80,000
$ 800,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6275bc29-4f32-46da-9403-2928cd4fe821%2Fb1c5c04d-2ac5-4c59-9e0d-33f862e0f14c%2Fzficcjn_processed.png&w=3840&q=75)
Transcribed Image Text:Required information
[The following information applies to the questions displayed below.]
The financial statements for Highland Corporation included the following selected information:
$ 1,600,000
$ 900,000
$ 1,000,000
Common stock
Retained earnings
Net income
Shares issued
Shares outstanding
Dividends declared and paid
The common stock was sold at a price of $30 per share.
3. How many shares are in treasury stock?
Shares in treasury stock
90,000
80,000
$ 800,000
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