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Compute the total number of shares of common stock

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Question - Good Fellows Corporation reported the following in the stockholders' equity section of its balance sheet at December 31, 2002: 5% Preferred stock, par value $10 $ 20,000 Common stock, par value $.50 10,000 Additional paid-in capital 50,000 Total contributed capital 80,000 Retained earnings 20,000 Total Stockholders' Equity $100,000. Compute the total number of shares of common stock outstanding at December 31, 2002?

Reference no: EM132526317

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