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Taya2010 [7]
3 years ago
15

The following data is available for BOX Corporation at December 31, 2017: Common stock, par $10 (authorized 30,000 shares) $270,

000 Treasury stock (at cost $15 per share) $ 1,200 Based on the data, how many shares of common stock are outstanding?
Business
1 answer:
Snezhnost [94]3 years ago
5 0

Answer:

26,920

Explanation:

At $10 par value,

Number of authorized shares = 30,000 (given)

Number of issued shares = $270,000/$10 = 27,000 shares

Number of treasury shares = $1,200/$15 = 80 shares

Since Treasury shares do not form part of outstanding shares, they will be deducted from issued shares to obtain outstanding shares

Therefore, number of outstanding shares

= 27,000 - 80

= 26,920 shares

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Promissory estopplel is a contractual agreement based on a promise rather than on a written contract but is still enforceable and legal such as in regarding payment for services rendered so that the contractor is protected financially.
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The costs incurred by a business in an effort to avoid bankruptcy are classified as _____ costs. Flotation Direct bankruptcy Ind
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The correct answer is indirect bankruptcy costs.

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3 years ago
Sheryls's business sells a single product. The following information was gathered from Sheryls's records: Price $97.00 per unit
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12,497 units

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Break even unit = Fixed Cost ÷ Contribution per unit

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A ________ produces goods in advance of customer demand using a forecast of sales and moves them through the supply chain to poi
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C.) Push System.

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3 years ago
An entity has decided to focus strictly on producing and selling one type of teddy bear. For the upcoming year, the entity hopes
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Answer:

29,143

Explanation:

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