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PtichkaEL [24]
3 years ago
13

The following data is available for Blaine Corporation at December 31, 2012: Common stock, par $10 (authorized 25,000 shares) $2

00,000 Treasury Stock (at cost $15 per share) 900 Based on the data, how many shares of common stock are a) outstanding, and b) have been issued ? a.25,000 b.20,000 c.24,940 d.19,940
Business
1 answer:
uysha [10]3 years ago
7 0

Answer:

a) b.20,000

b) b.20,000

Explanation:

a) Number of common stocks issued = 200,000/10

                                                              = 20,000

So, 5000 stocks remain with company.

Number of common stocks outstanding = 20000

b)  b. 20,000                                                                

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