Question

The following data is available for Box Corporation: Common stock, par $10 (authorized 30,000 shares) $250,000 Treasury stock (at cost $15 per share) $1,200 Based on the data, how many shares of common stock are outstanding?

Answer 1

Answer:

The shares of common stock are outstanding are 24,920 shares .

Explanation:

Outstanding shares

= Shares issued - Shares held as Treasury Stock shares

= $250000/$10 par - $1200/$15

= 25000 shares  - 80 shares

= 24,920 shares

Therefore, The shares of common stock are outstanding are 24,920 shares .