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17 January, 19:16

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

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  1. 17 January, 22:53
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    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
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