On January 1, 2021, Matsumura Fishworks Corporation is authorized to issue 2,000 shares of common stock with a par value of $.01 per share. On January 2, 2022, they issue 1,500 shares for $20 per share. On March 1, 2023, Matsumura repurchases 800 shares of its outstanding common stock for $17 per share. On December 1, 2023, they sell 500 shares of treasury stock for $25 per share. These are Matsumura's only stock transactions during this time. How many total shares of common stock does Matsumura have issued as of March 2, 2023? (enter your answer as digits only, without any dollar signs, periods, or commas).
On January 1, 2021, Matsumura Fishworks Corporation is authorized to issue 2,000 shares of common stock with a par value of $.01 per share. On January 2, 2022, they issue 1,500 shares for $20 per share. On March 1, 2023, Matsumura repurchases 800 shares of its outstanding common stock for $17 per share. On December 1, 2023, they sell 500 shares of treasury stock for $25 per share. These are Matsumura's only stock transactions during this time. How many total shares of common stock does Matsumura have issued as of March 2, 2023? (enter your answer as digits only, without any dollar signs, periods, or commas).
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:On January 1, 2021, Matsumura
Fishworks Corporation is authorized to
issue 2,000 shares of common stock
with a par value of $.01 per share. On
January 2, 2022, they issue 1,500
shares for $20 per share. On March 1,
2023, Matsumura repurchases 800
shares of its outstanding common
stock for $17 per share. On December
1, 2023, they sell 500 shares of treasury
stock for $25 per share. These are
Matsumura's only stock transactions
during this time.
How many total shares of common
stock does Matsumura have issued as
of March 2, 2023? (enter your answer
as digits only, without any dollar signs,
periods, or commas).
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