Required information E11-2 (Algo) Computing Number of Shares LO11-1, 11-3 [The following information applies to the questions displayed below.] The charter of Vista West Corporation specifies that it is authorized to issue 201,000 shares of common stock. Since the company was incorporated, it has sold a total of 144,000 shares (at $16 per share) to the public. It has bought back a total of 16,000. The par value of the stock is $5. When the stock was bought back from the public, the market price was $30. E11-2 Part 1 Required: 1. Determine the authorized shares. Authorized shares

! Required information E11-2 (Algo) Computing Number of Shares LO11-1, 11-3 [The following information applies to the questions displayed below.] The charter of Vista West Corporation specifies that it is authorized to issue 209,000 shares of common stock. Since the company was incorporated, it has sold a total of 157,000 shares (at $16 per share) to the public. It has bought back a total of 11,000. The par value of the stock is $6. When the stock was bought back from the public, the market price was $23. E11-2 Part 1 Required: 1. Determine the authorized shares. Authorized shares

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C5.1

(The following mnformation applies to the questions displayed below.] Sun Corporation received a charter that authorized the Issuance of 86,000 shares of $3 par common stock and 20,000 shares of $100 par, 4 percent cumulative preferred stock. Sun Corporation completed the following transactions during Its first two years of operation: Year 1 5 sold 12,900 shares of the $3 par common stock for $5 per share. 12 sold 2,e0e shares of the 4 percent preferred stock for $110 per share. S sold 17,200e shares of the $3 par comnon stock for $7 per share. Jan. Apr. Dec. 31 During the year, earned $313, 200 in cash revenue and paid $242,30e for cash operating expenses. 31 Declared the cash dividend on the outstanding shares of preferred stock for Year 1.. The dividend will be paid on February 15 to stockholders of record on January 10, Year 2. 31 closed the revenue, expense, and dividend accounts to the retained earnings account. Year 2 Feb. 15 Paid the cash dividend declared on December 31, Year…