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) Total $19,236 How many shares of common stock are outstanding? Select one: O a. 1,640 O b. 1,440 c. 1,240 O d. 5,800

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) Total $19,236 How many shares of common stock are outstanding? Select one: O a. 1,640 O b. 1,440 c. 1,240 O d. 5,800

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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