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How many shares are issued

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Reference no: EM131550061

The authorized share capital of the Alfred Cake Company is 100,000 shares. The equity is currently shown in the company's books as follows:

Common stock ($1 par value)             $61,000

Additional paid in capital                    $11,000

Retained earnings                                $31,000

Common Equity                                $103,000

Treasury Stock (2,000 shares)                 5,000

Net common equity                             $98,000

  1. How many shares are issued?        _________
  2. How many shares are outstanding _________
  3. How many more shares can be issued without the approval of shareholders?

Reference no: EM131550061

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