Watson Company has provided the following data about its common stock: • Par value is $1 per share . 10,000,000 authorized shares • 4,300,000 shares are outstanding 4,700,000 shares are issued ● How many shares of treasury stock are there?

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 6Q: The following data was reported by Saturday Corporation: Authorized shares: 30,000 Issued shares:...
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Watson Company has provided the following data about its common stock:
• Par value is $1 per share
10,000,000 authorized shares
●
●
●
4,300,000 shares are outstanding
4,700,000 shares are issued
How many shares of treasury stock are there?
Multiple Choice
O.
5,700,000.
5,300,000.
400,000.
Transcribed Image Text:Watson Company has provided the following data about its common stock: • Par value is $1 per share 10,000,000 authorized shares ● ● ● 4,300,000 shares are outstanding 4,700,000 shares are issued How many shares of treasury stock are there? Multiple Choice O. 5,700,000. 5,300,000. 400,000.
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