How many shares of common stock are outstanding of box co

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Reference no: EM132826449

Use the incomplete Stockholders' Equity section of Box Company's balance sheet as of December 31, 2017, to answer the following question.

Common stock, $7 par, 100,000 shares authorized $ 700,000
Additional paid-in capital-common 160,000
Retained earnings ?
Treasury stock (2,000 shares at cost) (16,000)
Total stockholders' equity 974,000

Problem 1: How many shares of common stock are outstanding?

a.78,000
b.98,000
c.68,000
d.100,000

Reference no: EM132826449

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