How many shares are outstanding and issued

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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 ($2 par value) $ 70,000

Additional paid-in capital 20,000

Retained earnings 40,000

Common equity $ 130,000

Treasury stock (5,000 shares) 14,000

Net common equity $ 116,000

a. How many shares are issued?

Number of shares issued _________

b. How many shares are outstanding?

Outstanding shares __________

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

Number of shares issued _________

Reference no: EM131338052

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