Reference no: EM132535183
Question - Classified balance sheet for Sandpiper Corporation as of December 31, 2019?
Using columns 2 and 3. Parenthetically what are the common shares authorized, issued, and outstanding? Place the units, tens, hundreds, thousands, etc. in the proper mini column, and leave the pennies blank. Dollars signs used at the top of the column and after a total line. Use columns 2 for detail and column 3 for netting, totals, and grand totals. Column 1 and 4 should be blank.
Accounts Payable $13,580
Accounts Receivable $47,280
Accumulated Depreciation $15,740
Allowance for Doubtful Accounts $1,595
Bonds Payable $11,000
Cash and Cash Equivalents $33,475
Common Stock at par $2 (authorized 100,000 shares, issued xxxxx shares, and XXXX outstanding) $120,000
Current Portion of Long-Term Debt $8,560
Discounts on Bonds Payable $1,850
Intangilbles - Net $37,080
Long-Term Debt Payable [not including current portion] $40,250
Long-Term Investment in Equity Securities $86,500
Merchandise Inventory (FIFO, Lower of Cost or Market) $48,790
Paid in Capital in Excess of Par - Common $20,360
Prepaid expenses $4,820
Property, Plant, and Equipment $140,760
Retained Earnings [12/31/2019 after closing entries] $180,820
Trading Securities [current] $9,240
Treasury Stock - Common (900 shares) $3,680
Unearned Revenues $1,570
Required - What are the Issued and outstanding shares?