How many shares are outstanding

Assignment Help Accounting Basics

Reference no: EM132984771

Question: The authorized share capital of the Alfred Cake Company is 120,000 shares. The equity is currently shown in the company's books as follows:

Common stock ($1 par value)$74,000
Additional paid-in capital 24,000
Retained earnings 44,000
Common equity $142,000
Treasury stock (1,000 shares) 18,000
Net common equity$124,000

a. How many shares are issued?

b. How many shares are outstanding?

c. How many more shares can be issued without the approval of shareholders?

Reference no: EM132984771

Questions Cloud

What bonds will sell at a price that is : What bonds will sell at a price that is? A bond is issued with a face amount of $700,000 and a stated interest rate of 11%. The current market rate of interest.

How much could she withdraw each year in retirement : Suppose Jenna sells the bond, reinvests the proceeds, and then saves as she planned. How much could she withdraw each year in retirement

Develop new products and services that meet customers : How can observations and experiments help organizations develop new products and services that meet customers' needs?

What total amount should spruce hill company report : Deferred income taxes, $185,000 and retained earnings, $424,000. What total amount should Spruce Hill Company report as stockholders' equity?

How many shares are outstanding : How many more shares can be issued without the approval of shareholders and How many shares are issued?

Identify a major issue the organization : Each year Fortune magazine publishes a "Most Admired" list of the top companies in the United States. Firms are rated on these eight dimensions: innovativeness,

What the loss contingency should be : State Inc. is a defendant in a current lawsuit that it estimates has probable loss of $225,000. What The loss contingency should be

What is the balance of the fund : The plan is expected to give 10% return on investment. What is the balance of the fund after 10 years if the annual contribution is 100,000 per year

Do think the market was surprised by the news reported : When do you think the stock market learned about Best Buy's 4th Quarter results? (Think outside the box and feel free to use resources beyond the two Best Buy)

User Account

All Pages