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How many shares of stock are issued

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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

Reference no: EM132872158

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