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Easton Inc. reported the following information at December 31: Preferred Stock, $2.00 par, 10,000 shares authorized $4,320 Additional paid-in capital - preferred stock 4,752 Common stock, $1.00 par, 6,000 shares authorized 1,440 Additional paid-in capital - common stock 3,480 Retained earnings 6,800 Treasury stock, at cost of $4 per share (800) $19,236 Total How many shares of common stock are outstanding? Select one: a. 5,800 b. 1,240 c. 1,440 d. 1,640

Easton Inc. reported the following information at December 31: Preferred Stock, $2.00 par, 10,000 shares authorized $4,320 Additional paid-in capital - preferred stock 4,752 Common stock, $1.00 par, 6,000 shares authorized 1,440 Additional paid-in capital - common stock 3,480 Retained earnings 6,800 Treasury stock, at cost of $4 per share (800) $19,236 Total How many shares of common stock are outstanding? Select one: a. 5,800 b. 1,240 c. 1,440 d. 1,640

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Easton Inc. reported the following information at December 31: Preferred Stock, $2.00 par, 10,000 shares authorized $4,320 Additional paid-in capital - preferred stock 4,752 Common stock, $1.00 par, 6,000 shares authorized 1,440 Additional paid-in capital - common stock 3,480 Retained earnings 6,800 Treasury stock, at cost of $4 per share (800) $19,236 Total How many shares of common stock are outstanding? Select one: О a. 5,800 b. 1,240 c. 1,440 d. 1,640
Transcribed Image Text:Easton Inc. reported the following information at December 31: Preferred Stock, $2.00 par, 10,000 shares authorized $4,320 Additional paid-in capital - preferred stock 4,752 Common stock, $1.00 par, 6,000 shares authorized 1,440 Additional paid-in capital - common stock 3,480 Retained earnings 6,800 Treasury stock, at cost of $4 per share (800) $19,236 Total How many shares of common stock are outstanding? Select one: О a. 5,800 b. 1,240 c. 1,440 d. 1,640
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