Z Best, Inc.'s corporate charter allows it to issue 2,000,000 shares of common stock. In its first year of business, Z Best sold 500,000 shares of common stock in January 2010. Z Best bought back 1,000 shares of its stock during December 2010. At December 31, 2010, how many shares of common stock are outstanding?

Z Best, Inc.'s corporate charter allows it to issue 2,000,000 shares of common stock. In its first year of business, Z Best sold 500,000 shares of common stock in January 2010. Z Best bought back 1,000 shares of its stock during December 2010. At December 31, 2010, how many shares of common stock are outstanding?

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter13: Earnings Per Share (eps)

Section: Chapter Questions

Problem 3R: During 2012, Ponce Towers issued 30,000 additional shares of common stock on June 1 and 24,000 on...

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