Ask Question
9 September, 04:35

The following data is available for Bonita Corporation at December 31, 2018: Common stock, par $10 (authorized 31200 shares) $245000 Treasury Stock (at cost $15 per share) $ 750 Based on the data, how many shares of common stock have been issued

+1
Answers (1)
  1. 9 September, 04:54
    0
    24,500 shares

    Explanation:

    Common stock par $10 (authorized 31200 shares) = $245,000

    Treasury stock (at cost is $15 per share) = $750

    Common stock issued = Common stock value / Stock value

    Common stock issued = $245,000 / $10

    Common stock issued = 24,500 shares
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The following data is available for Bonita Corporation at December 31, 2018: Common stock, par $10 (authorized 31200 shares) $245000 ...” 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