The following data is available for Blaine Corporation at December 31, 2018:

Common stock, par $10 (authorized 30,000 shares) $250,000

Treasury Stock (at cost $15 per share) $ 900

Based on the data, how many shares of common stock have been issued?

A. 30,000

B. 25,000

C. 29,940

D. 24,940

B. 25,000

Explanation:

Given important information here is common stock, par $10 authorized, 30,000 shares and $250,000 Treasury Stock.

To calculate how many shares of common stock have been issued we have to divide the total price of common stock/par value which is as follows:

Shares issued = 250,000/10

25,000 shares answer

Therefore the correct answer is 25,000 shares.