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Assume the following information for Western Sales, Inc Common Stock, $1.00 par, 206,000 shares issued, 189,000 shares outstanding Paid-In Capital in Excess of Par-Common $1,780,000 Retained Earnings $2,510,000 Treasury Stock 17,000 shares purchased at $12 per share If Western Sales purchases an additional 5,000 shares of treasury stock at $24 per share, what number of shares will be shown as issued and outstanding?

Assume the following information for Western Sales, Inc Common Stock, $1.00 par, 206,000 shares issued, 189,000 shares outstanding Paid-In Capital in Excess of Par-Common $1,780,000 Retained Earnings $2,510,000 Treasury Stock 17,000 shares purchased at $12 per share If Western Sales purchases an additional 5,000 shares of treasury stock at $24 per share, what number of shares will be shown as issued and outstanding?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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206,000 issued; 189,000 outstanding 189,000 issued; 189,000 outstanding 206,000 issued; 184,000 outstanding 201,000 issued; 189,000 outstanding
Transcribed Image Text:206,000 issued; 189,000 outstanding 189,000 issued; 189,000 outstanding 206,000 issued; 184,000 outstanding 201,000 issued; 189,000 outstanding
Assume the following information for Western Sales, Inc. Common Stock, $1.00 par, 206,000 shares issued, 189,000 shares outstanding Paid-In Capital in Excess of Par-Common $1,780,000 Retained Earnings $2,510,000 Treasury Stock 17,000 shares purchased at $12 per share If Western Sales purchases an additional 5,000 shares of treasury stock at $24 per share, what number of shares will be shown as issued and outstanding?
Transcribed Image Text:Assume the following information for Western Sales, Inc. Common Stock, $1.00 par, 206,000 shares issued, 189,000 shares outstanding Paid-In Capital in Excess of Par-Common $1,780,000 Retained Earnings $2,510,000 Treasury Stock 17,000 shares purchased at $12 per share If Western Sales purchases an additional 5,000 shares of treasury stock at $24 per share, what number of shares will be shown as issued and outstanding?
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