c. How many more shares can be issued without the approval of shareholders? Number of shares issued

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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The authorized share capital of the Alfred Cake Company is 120,000 shares. The equity is currently shown in the company's books as
follows:
$ 65,000
Common stock ($1 par value)
Additional paid-in capital
Retained earnings
Common equity
Treasury stock (2,000 shares)
15,000
35,000
$115,000
9,000
$106,000
Net common equity
a. How many shares are issued?
ces
Number of shares issued
65,000
b. How many shares are outstanding?
Outstanding shares
63.000
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Transcribed Image Text:ECT Problems Saved Help Save & Ch The authorized share capital of the Alfred Cake Company is 120,000 shares. The equity is currently shown in the company's books as follows: $ 65,000 Common stock ($1 par value) Additional paid-in capital Retained earnings Common equity Treasury stock (2,000 shares) 15,000 35,000 $115,000 9,000 $106,000 Net common equity a. How many shares are issued? ces Number of shares issued 65,000 b. How many shares are outstanding? Outstanding shares 63.000 Prev 1 of 8 Next > ere to search
Outstanding shares
63,000
c. How many more shares can be issued without the approval of shareholders?
Number of shares issued
Prev
1 of 8
Next
earch
Transcribed Image Text:Outstanding shares 63,000 c. How many more shares can be issued without the approval of shareholders? Number of shares issued Prev 1 of 8 Next earch
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