FAME Corporation is authorized to issue 1,000,000 shares of $1 par value common stock, and 200,000 shares of 10%, $ 5 par value preferred Stock. During 2019, the company has the following stock transactions. Entry 1 Issued 400,000 common shares of stock at $3 cash per share. Entry 2 Issued 30,000 preferred shares to purchase a land advertised for sale at $ 300,000. On this day, the preferred stock had a market price of $ 9 per share. Entry 3 Purchased 10,000 of its common shares from the market for the treasury, when the market price per common share was $ 4. Entry 4 Sold 2,000 shares of its treasury stock for $ 6 per share. Question: The number of issued common shares is........................ NOTE: (When writing your answer do not use commas or sign of the dollar. For example, if your answer is $10,000, write it as 10000)
FAME Corporation is authorized to issue 1,000,000 shares of $1 par value common stock, and 200,000 shares of 10%, $ 5 par value preferred Stock. During 2019, the company has the following stock transactions.
Entry 1 Issued 400,000 common shares of stock at $3 cash per share.
Entry 2 Issued 30,000
Entry 3 Purchased 10,000 of its common shares from the market for the treasury, when the market price per common share was $ 4.
Entry 4 Sold 2,000 shares of its
Question: The number of issued common shares is........................
NOTE: (When writing your answer do not use commas or sign of the dollar. For example, if your answer is $10,000, write it as 10000)
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