Ask Question
BusinessBusiness
9 November, 18:46

The following data is available for BOX Corporation at December 31, 2017: Common stock, par $10 (authorized 30000 shares) Treasury stock (at cost $15 per share) Based on the data, how many shares of common stock are issued? $270000 $1200 a. 26920. b. 29920. c. 30000. d. 27000.

+4
Answers (1)
  1. 9 November, 19:01
    0
    A) 26920

    Explanation:

    Issued common stock with par $10, total $270,000. The total number of issued stocks = $270,000 / $10 per stock = 27,000 stocks

    Stocks held in Treasury = $1,200 / $15 per stock = 80 stocks

    The total number of outstanding stock = total number of issued stocks - stocks held in Treasury = 27,000 stocks - 80 stocks = 26,920 stocks
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The following data is available for BOX Corporation at December 31, 2017: Common stock, par $10 (authorized 30000 shares) Treasury stock ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Initiating structure describes the following leadership behavior: A. A leader who is task-oriented and directs subordinates' work B. A leader who is sensitive to subordinates and respects their ideas, and feelings C.
Answers (1)
What are the ethical issues at stake when companies permit employees to use personal technology on the job? what are tge implications?
Answers (1)
Closing mines has no economic impact on communities. true or false
Answers (1)
Gaba Corporation uses the FIFO method in its process costing system. The Grinding Department started the month with 17,400 units in its beginning work in process inventory that were 60% complete with respect to conversion costs.
Answers (1)
Mandovia is a developing country which has access to limited resources. the total national expenditure of mandovia amounts to $200 billion annually. however, the country only generates $150 billion from taxes annually.
Answers (1)
New Questions in Business
Taylor Bank lends Guarantee Company $92,811 on January 1. Guarantee Company signs a $92,811, 12%, nine-month note. The entry made by Guarantee Company on January 1 to record the proceeds and issuance of the note is
Answers (1)
Why is it important to know the interest rate on your credit card? a) The higher the interest rate, the more money you will be paying back b) The higher the interest rate, the less money you will be paying back c) The lower the interest rate, the
Answers (2)
It is appropriate to use the fixed assets turnover ratio to appraise firms' effectiveness in managing their fixed assets if and only all the firms being compared have the same proportion of fixed assets to total assets. a) trueb) false
Answers (1)
Which of the following actions differentiates an entrepreneur from other small business owners?
Answers (1)
Mccoo Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The variable overhead rate is $1.50 per direct labor-hour.
Answers (1)
Home » Business » The following data is available for BOX Corporation at December 31, 2017: Common stock, par $10 (authorized 30000 shares) Treasury stock (at cost $15 per share) Based on the data, how many shares of common stock are issued? $270000 $1200 a. 26920. b.
Sign Up Forgot Password?