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 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. E11-2 Part 1 Required: 1. Determine the authorized shares. Authorized shares

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 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. E11-2 Part 1 Required: 1. Determine the authorized shares. Authorized shares

FINANCIAL ACCOUNTING

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ISBN:9781259964947

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Chapter1: Financial Statements And Business Decisions

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.

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! 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
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