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Find the number of common shares outstanding at December

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Reference no: EM132803725

Question - Use the following information for the next 4 questions.

Retained Earnings $300,000

Common Stock, $10 par value, 50,000 shares issued $500,000

Paid-in Capital in Excess of Par Value, Common $100,000

Treasury Stock, Common, 5,000 shares $200,000

Q1. Find the balance sheet prepared at December 31, would report legal capital?

Q2. Find the balance sheet prepared at December 31, would report total capital?

Q3. Find the balance sheet prepared at December 31, would report total stockholders' equity?

Q4. Find the number of common shares outstanding at December 31?

Reference no: EM132803725

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