Flint Corporation issued 1,900 shares of stock.
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A:
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A: Number of shares outstanding = Shares issued - Shares reacquired
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A: Formula: Cash dividends = Number of outstanding shares x Dividend per share. Multiplying dividend…
Q: What is the number of shares outstanding?
A: Answer - c.44,000
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- Caswell Corporation is authorized to issue 10,000 shares of common stock on December 31. It sells 8,000 shares at $16 per share. Required: Record the sale of the common stock, given the following independent assumptions: 2. The stock is no-par stock, but the board of directors has assigned a stated value of $8 per share.The articles of incorporation allow for the issuance of 4,000,000 shares of common stock. The company issued 80,000 shares of common stock and repurchased 5,000 shares. What is the number of shares outstanding?Montana Company was authorized to issue 200,000 shares of common stock. The company had issued 50,000 shares of stock when it purchased 10,000 shares of treasury stock. The number of outstanding shares of common stock was: Multiple Choice 60,000 190,000 50,000 40,000
- The charter of a corporation provides for the issuance of 138,000 shares of common stock. Assume that 54,000 shares were originally issued and 13,100 were subsequently reacquired. What is the number of shares outstanding?Nash Corporation has 10 million shares of common stock issued and outstanding. On June 1, the board of directors voted an 78 cents per share cash dividend to stockholders of record as of June 14, payable June 30.The charter of a corporation provides for the issuance of 114,000 shares of common stock. Assume that 51,000 shares were originally issued and 6,800 were subsequently reacquired. What is the number of shares outstanding?
- Sage Corporation issued 392 shares of $10 par value common stock and 128 shares of $50 par value preferred stock for a lump sum of $17,424. The common stock has a market price of $20 per share, and the preferred stock has a market price of $90 per share.Prepare the journal entry to record the issuance.During its first year of operations, Eastern Data Links Corporation entered into the following transactions relating to shareholders’ equity. The articles of incorporation authorized the issue of 6 million common shares, $1 par per share, and 2 million preferred shares, $50 par per share. Feb. 12 Sold 3 million common shares, for $10 per share. 13 Issued 39,000 common shares to attorneys in exchange for legal services. 13 Sold 72,000 of its common shares and 6,000 preferred shares for a total of $1,035,000. Nov. 15 Issued 420,000 of its common shares in exchange for equipment for which the cash price was known to be $3,988,000. Required:Prepare the appropriate journal entries to record each transaction.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
- Kk.348. Incentive Corporation was authorized to issue 12,000 shares of common stock, each with a $1 par value. During its first year, the following selected transactions were completed: Issued 5,300 shares of common stock for cash at $23 per share. Issued 1,300 shares of common stock for cash at $26 per share. Required: Complete the table below, indicating the account, amount, and direction of the effect for the above transactions. (Enter any decreases to account balances with aon may 15, the simple corporation issued 6,000 common shares of $8 par value stock for land valued at $120,000. common stock will be credited $48,000The 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