Reference no: EM132872158
Question - The stockholders' equity section of a balance sheet at December 31, 2015 is provided below:
Common Stock, $0.50 par value $10,000
Paid-in-capital excess of par common stock $40,000
Total Capital Stock $50,000
Retained Earnings $25,000
Less: Treasury stock (at cost, $20 per share) <2,000>
Total Stockholders' Equity $73,000
Required - How many shares of stock are issued?
a. 18,000
b. 19,800
c. 20,000
d. 20,200