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How many shares of stock have been sold? How many shares are outstanding? Why are they

How many shares of stock have been sold? How many shares are outstanding? Why are they

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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How many shares of stock have been sold? How many shares are outstanding? Why are they different? 

AutoSave Accounting 2102 Assessment Fall 2020 - Excel O Search Morgan Claire McGrew MC 口 File Home Insert Draw Page Layout Formulas Data Review View Help S Share P Comments Calibri 14 A A 2 Wrap Text Currency E Insert Σ Paste Delete BIU E Merge & Center $ - % > 58 98 Conditional Format as .00 Cell Sort & Find & Ideas Sensitivity Formatting Table Styles Format Filter Select - Clipboard Font Alignment Number Styles Cells Editing Ideas Sensitivity G19 3402000 В K M Retaied Earnings: $250,000 Treasury Stock: 8000 shares @ $2 per share Stockholder's Equity: 6 Paid-In Capital: Preferred Stock 5%, $4 par (8000 shares authorized, 6000 isšued and outstanding) Excess of issue price over par $24,000.00 $60,000.00 Paid in Capital - Preferred Common Stock, $2 par (200,000 shares authorized, 125,000 issued) Excess of issue price over par 10 $84,000.00 11 $250,000.00 $1,250,000.00 12 13 Paid - In Capital - Common Stock Total Paid- In Capital 16 Retained Earnings: $1,500,000.00 14 $1,584,000.00 $250,000.00 15 17 Total $3,418,000.00 18 Treasury Stock (8000 shares at cost) 19 Total Stockholder's Equity $16,000.00 $3,402,000.00 20 21 Instructions Stockholder's Equity Section Questions 1O0% 1:30 PM P Type here to search a 11/25/2020 12 4. 5.
Transcribed Image Text:AutoSave Accounting 2102 Assessment Fall 2020 - Excel O Search Morgan Claire McGrew MC 口 File Home Insert Draw Page Layout Formulas Data Review View Help S Share P Comments Calibri 14 A A 2 Wrap Text Currency E Insert Σ Paste Delete BIU E Merge & Center $ - % > 58 98 Conditional Format as .00 Cell Sort & Find & Ideas Sensitivity Formatting Table Styles Format Filter Select - Clipboard Font Alignment Number Styles Cells Editing Ideas Sensitivity G19 3402000 В K M Retaied Earnings: $250,000 Treasury Stock: 8000 shares @ $2 per share Stockholder's Equity: 6 Paid-In Capital: Preferred Stock 5%, $4 par (8000 shares authorized, 6000 isšued and outstanding) Excess of issue price over par $24,000.00 $60,000.00 Paid in Capital - Preferred Common Stock, $2 par (200,000 shares authorized, 125,000 issued) Excess of issue price over par 10 $84,000.00 11 $250,000.00 $1,250,000.00 12 13 Paid - In Capital - Common Stock Total Paid- In Capital 16 Retained Earnings: $1,500,000.00 14 $1,584,000.00 $250,000.00 15 17 Total $3,418,000.00 18 Treasury Stock (8000 shares at cost) 19 Total Stockholder's Equity $16,000.00 $3,402,000.00 20 21 Instructions Stockholder's Equity Section Questions 1O0% 1:30 PM P Type here to search a 11/25/2020 12 4. 5.
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