Common stock 10 par 50000 shares authorized2000 shares

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Reference no: EM13600869

The following information pertains to Kwon Corp. at January 1, 2010.Common stock, $10 par, 50,000 shares authorized,2,000 shares issued and outstanding $ 20,000 Paid-in capital in excess of par, common stock 15,000 Retained earnings 65,000

Kwon Corp. completed the following transactions during 2010:
1. Issued 2,000 shares of $10 par common stock for $25 per share.
2. Repurchased 200 shares of its own common stock for $22 per share.
3. Resold 50 shares of treasury stock for $26 per share.

How many shares of common stock were outstanding at the end of the period?
How many shares of common stock had been issued at the end of the period?

Reference no: EM13600869

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