Assume the following information for Western Sales, Inc.: • Common Stock, $1.00 par, 226,000 shares issued, 182,000 shares outstanding • Paid-In Capital in Excess of Par-Common: $1,750,000 • Retained Earnings: $2,560,000 • Treasury Stock: 44,000 shares purchased at $14 per share If Western Sales purchases an additional 11,000 shares of treasury stock at $17 per share, what number of shares will be shown as issued and outstanding? O 215,000 issued; 182,000 outstanding O 226,000 issued; 182,000 outstanding O 226,000 issued; 171,000 outstanding O 182,000 issued; 182,000 outstanding
Assume the following information for Western Sales, Inc.: • Common Stock, $1.00 par, 226,000 shares issued, 182,000 shares outstanding • Paid-In Capital in Excess of Par-Common: $1,750,000 • Retained Earnings: $2,560,000 • Treasury Stock: 44,000 shares purchased at $14 per share If Western Sales purchases an additional 11,000 shares of treasury stock at $17 per share, what number of shares will be shown as issued and outstanding? O 215,000 issued; 182,000 outstanding O 226,000 issued; 182,000 outstanding O 226,000 issued; 171,000 outstanding O 182,000 issued; 182,000 outstanding
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter15: Contributed Capital
Section: Chapter Questions
Problem 16E: Contributed Capital Adams Companys records provide the following information on December 31, 2019:...
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