The authorized share capital of the Alfred Cake Company is 120,000 shares. The equity is currently shown in the company's books as follows: Common stock ($1 par value) Additional paid-in capital Retained earnings Common equity Treasury stock (2,000 shares) Net common equity $ 65,000 15,000 35,000 $ 115,000 9,000 $ 106,000 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? a. Number of shares issued b. Outstanding shares c. Number of shares issued

The authorized share capital of the Alfred Cake Company is 120,000 shares. The equity is currently shown in the company's books as follows: Common stock ($1 par value) Additional paid-in capital Retained earnings Common equity Treasury stock (2,000 shares) Net common equity $ 65,000 15,000 35,000 $ 115,000 9,000 $ 106,000 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? a. Number of shares issued b. Outstanding shares c. Number of shares issued

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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ACCTUZ Chapterz Miini Case Microsolt Word AaBbCcD AaBbCcD AaBbC AaBbCc AABI AaBbCcl AaBbCcD AaBbCcC IT Normal T No Spaci. Heading 1 Heading 2 Subtle Em... Title Subtitle Emphasis Styles Ehapter 22 Mini Case When math is required, to receive full credit- SHOW YOUR MATH, otherwise you will not receive credit (even if the answer is correct). You must submit your answer on a word document or spreadsheet. Hand written responses are not acceptable and will not receive credit. Submit on Blackboard, if submitted via email or another source you will not receive credit. If submitted late (after the due date and time) you will not receive credit. Sweet Suites, Inc. operates a hotel property that has 300 rooms. On average, 80% of Sweet Suites, Inc., rooms are occupied on weekday, and 40% are occupied during the weekend. The managerhas asked you to developa budget forthe housekeeping and restaurant staff forweekdays and weekends. You have determined that the housekeeping staff requires 30 minutes…
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