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vivado [14]
3 years ago
10

If Wesley Corporation has 80,000 shares of common stock authorized. 50,000 shares of common stock issued, and holds 12,000 share

s of common stock as treasury stock, the total number of outstanding shares of Wesley Corporation amounts to Select one: a. 22,000 b. 26,000 c. 38,000 d. 68,000 e. 18,000
Business
1 answer:
Vesna [10]3 years ago
5 0

Answer: E. 18,000

Explanation:

Wesley Corporation has 80,000 shares of common stock authorized. This the total amount of common stock that is available for sale by the company.

Only 50,000 shares of common stock were issued and 12,000 shares of common stock as held as treasury stock.

Then the total number of outstanding shares of Wesley Corporation amounts to 80,000 - 50,000 - 12,000 = 18,000

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Answer:

a.

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Dec, 31. 2020       Cash                                              $1,000

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b.

Date                      Account Title                                    Debit                Credit

Dec, 31. 2020       Customer deposits                          $800

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c.

Date                      Account Title                                    Debit                Credit

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2 years ago
Currently Ark is charged $3,144,267 Depreciation on the Income Statement of Andrews. Andrews is planning for an increase in this
german

Question Completion:

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