What is the number of shares issued

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Question: On January 1, Year 1, Brewed Awakening, Inc., borrowed $490,000 at 4% interest. The loan will be repaid with equal annual installment payments of $60,000 made on the last day of each year. The entry to record the second year's payment includes a credit to Cash of $ Do not include $ sign in your answer and round your answer to the nearest dollar.

In Year 1, Stock to the Hand, Inc., issued 20,000 shares of the 800,000 shares of $0.20 par value common stock it is allowed to sell. The total received from issuing its common stock is $200,000. Stock to the Hand bought back 2,000 shares of its stock at a cost of $12 each. It also declared and paid a $0.80 per share dividend to its common shareholders. What is the number of shares issued?

Reference no: EM132761666

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