Provide solution The charter of a corporation provides for the issuance of100,000 shares of common stock. Assume that 45,000 shareswere originally issued and 5,000 were subsequentlyreacquired.What is the number of shares outstanding?a. 5,000b. 45,000c. 40,000d. 50,000

Step 1: Introduction to the Shares OutstandingShares outstanding refer to those shares that were…

Answered: The charter of a corporation provides…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 12MC: A corporation issued 100 shares of $100 par value preferred stock for $150 per share. The resulting...

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A corporation issued 100 shares of $100 par value preferred stock for $150 per share. The resulting journal entry would include which of the following? A. a credit to common stock B. a credit to cash C. a debit to paid-in capital in excess of preferred stock D. a debit to cash
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The charter of a corporation provides for the issuance of 100.000 shares of common stock. Assume that 60,000 shares were originally issued and 5,000 were subsequently reacquired. What is the number of shares outstanding? a. 5,000. b. 100.000. c. 60,000. d. 55.000.
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The charter of a corporation provides for the issuance of 25,000 shares of common stock. Assume that 15,000 shares were originally issued and 3,000 were subsequently reacquired. What is the number of shares outstanding? Answer a. 3,000 b. 12,000 c. 22,000 d. 15,000 e. 18,000
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The charter of a corporation provides for the issuance of 111,000 shares of common stock. Assume that 49,000 shares were originally issued and 6,200 were subsequently reacquired. What is the number of shares outstanding? O. 42,800 0 55,200 O 6.200 Od 49,000
The charter of a corporation provides for the issuance of 105,000 shares of common stock. Assume that 63,000 shares were originally issued and 12,600 were subsequently reacquired. What is the number of shares outstanding? Оа. 50,400 Оb. 63,000 Oc. 12,600 Od. 105,000 Previous Next

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The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 45,000 shares were originally issued and 5,000 were subsequently reacquired. What is the number of shares outstanding? a. 5,000 b. 45,000 c. 40,000 d. 50,000