E11-2 (Algo) Computing Number of Shares LO11-1, 11-3 [The following information applies to the questions displayed below.] The charter of Vista West Corporation specifies that it is authorized to issue 201,000 shares of common stock. Since the company was incorporated, it has sold a total of 144,000 shares (at $16 per share) to the public. It has bought back a total of 16,000. The par value of the stock is $5. When the stock was bought back from the public, the market price was $30. 11-2 Part 2 - Determine the issued shares.

E11-2 (Algo) Computing Number of Shares LO11-1, 11-3 [The following information applies to the questions displayed below.] The charter of Vista West Corporation specifies that it is authorized to issue 201,000 shares of common stock. Since the company was incorporated, it has sold a total of 144,000 shares (at $16 per share) to the public. It has bought back a total of 16,000. The par value of the stock is $5. When the stock was bought back from the public, the market price was $30. 11-2 Part 2 - Determine the issued shares.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

"On January 1, 2020, ABC Company was established as a public shareholding company. ABC Company authorizes 12,000,000 shares of common stock. A par value of JD 1 per share. ABC Company offering for subscription 10,000,000 shares. The number of subscribed shares is 9,500,000 shares at the end date of subscription, the authorized capital of ABC Public Shareholding Company is" "2,500,000" "9,500,000" "12,000,000" "10.000.000" Moving to another question will save this response. « > 1134 AM arch 37°C Haze 9/1/2021 DELL F12 Priscr Insert Delete F8 F9 F4 F6 Num Lock & Backspace 8 TY G Y K Enter B Y N T M Alt Ctri
This topic is about Corporation. Please answer the ff questions How much is the authorized share capital? How much is the issued share capital? How many shares of stock have been issued?
Kk128. Queenstown Corporation issues 4,000, $4 cumulative preferred shares at $80 each and 12,000 common shares at $18 at the beginning of 2022. Each preferred share is convertible into four common shares. journalize issues of shares
The charter of a corporation provides for the issuance of 120,000 shares of common stock. Assume that 45,000 shares were originally issued and 6,100 were subsequently reacquired. What is the number of shares outstanding? a.38,900 b.6,100 c.51,100 d.45,000
Sh.27. On January 1, 2023, Bre-x Inc. had 600,000 common shares outstanding. On March 1, the corporation issued 60,000 new common shares to raise additional capital. On July 1, the corporation declared and distributed a 12% stock dividend on its common shares. On October 1, the corporation repurchased on the market 20,000 of its own outstanding common shares to make them available for issuances related to its key executives' outstanding stock options. Required: a. Calculate the weighted average number of shares outstanding as at December 31, 2023. Round to the nearest share. b. Assume that Bre-X Inc. had a 1-for-10 reverse stock split instead of a 10% stock dividend on July 1, 2023. Calculate the weighted average number of shares outstanding as at December 31, 2023. Round to the nearest share.
The corporate charter of Blossom Corporation allows the issuance of a maximum of 4,260,000 shares of $1 par value common stock. During its first three years of operation, Blossom issued 2,215,200 shares at $15 per share. It later acquired 85,200 of these shares as treasury stock for $25 per share. Based on the above information, answer the following questions: (a) How many shares were authorized? Authorized shares i shares
please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image)
! Required information E11-2 (Algo) Computing Number of Shares LO11-1, 11-3 [The following information applies to the questions displayed below.] The charter of Vista West Corporation specifies that it is authorized to issue 209,000 shares of common stock. Since the company was incorporated, it has sold a total of 157,000 shares (at $16 per share) to the public. It has bought back a total of 11,000. The par value of the stock is $6. When the stock was bought back from the public, the market price was $23. E11-2 Part 1 Required: 1. Determine the authorized shares. Authorized shares
S7.
The charter of a corporation provides for the issuance of 117,000 shares of common stock. Assume that 56,000 shares were originally issued and 13,700 were subsequently reacquired. What is the number of shares outstanding? a.56,000 b.13,700 c.42,300 d.117,000
The corporate charter of Benjo Corporation allows the issuance of a maximum of 2,500,000 shares of P1 par value common stock. During its first three years of operation, Benjo issued 1,500,000 shares at P15 per share. It later acquired 30,000 of these shares as treasury stock for P25 per share. 1. How many shares were authorized? 2. How many shares were issued? 3. How many shares are outstanding? 4. What is the balance of the Common Stock account? 5. What is the balance of the Treasury Stock account?
(The following mnformation applies to the questions displayed below.] Sun Corporation received a charter that authorized the Issuance of 86,000 shares of $3 par common stock and 20,000 shares of $100 par, 4 percent cumulative preferred stock. Sun Corporation completed the following transactions during Its first two years of operation: Year 1 5 sold 12,900 shares of the $3 par common stock for $5 per share. 12 sold 2,e0e shares of the 4 percent preferred stock for $110 per share. S sold 17,200e shares of the $3 par comnon stock for $7 per share. Jan. Apr. Dec. 31 During the year, earned $313, 200 in cash revenue and paid $242,30e for cash operating expenses. 31 Declared the cash dividend on the outstanding shares of preferred stock for Year 1.. The dividend will be paid on February 15 to stockholders of record on January 10, Year 2. 31 closed the revenue, expense, and dividend accounts to the retained earnings account. Year 2 Feb. 15 Paid the cash dividend declared on December 31, Year…