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The authorized common stock of SP Plumbing and Heating company is 150,000. The company's financial statement, the shareholders equity is accounted for as follows: Common stock ($2 par value) Additional paid-in capital Retained earnings Common equity Treasury stock (4,000 shares) Net common equity Answer Answer $ 80,000 Answer 13,000 43,000 $ 136,000 a) How many shares are issued? b) How many shares are outstanding? c) How many more shares can be issued without the approval of shareholders? 6,000 $ 130,000

The authorized common stock of SP Plumbing and Heating company is 150,000. The company's financial statement, the shareholders equity is accounted for as follows: Common stock ($2 par value) Additional paid-in capital Retained earnings Common equity Treasury stock (4,000 shares) Net common equity Answer Answer $ 80,000 Answer 13,000 43,000 $ 136,000 a) How many shares are issued? b) How many shares are outstanding? c) How many more shares can be issued without the approval of shareholders? 6,000 $ 130,000

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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The authorized common stock of SP Plumbing and Heating company is 150,000. The company's financial statement, the shareholders equity is accounted for as follows: Common stock ($2 par value) Additional paid-in capital Retained earnings Common equity Treasury stock (4,000 shares) Net common equity Answer Answer $ 80,000 Answer 13,000 43,000 $ 136,000 a) How many shares are issued? b) How many shares are outstanding? c) How many more shares can be issued without the approval of shareholders? 6,000 $ 130,000
Transcribed Image Text:The authorized common stock of SP Plumbing and Heating company is 150,000. The company's financial statement, the shareholders equity is accounted for as follows: Common stock ($2 par value) Additional paid-in capital Retained earnings Common equity Treasury stock (4,000 shares) Net common equity Answer Answer $ 80,000 Answer 13,000 43,000 $ 136,000 a) How many shares are issued? b) How many shares are outstanding? c) How many more shares can be issued without the approval of shareholders? 6,000 $ 130,000
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