The charter of a corporation provides for the issuance of 105,000 shares of common stock. Assume that 63,000 shares were originally issued and 12,600 were subsequently reacquired. What is the number of shares outstanding? Oa. 50,400 Оь. 63,000 Ос. 12,600 Od. 105,000

Q: The articles of incorporation were received, authorizing Reverse Corporation to issue 100,000 shares…

A: Ordinary shares refer to the equity share capital of the company. If the company issues its ordinary…

Q: Montana Company was authorized to issue 80,000 shares of common stock. The company had issued 27,000…

A: Calculate the number of shares outstanding as follows: Outstanding shares = Issued shares - Treasury…

Q: The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume…

A: Number of shares outstanding  = Shares issued - Shares reacquired

Q: The charter of a corporation provides for the issuance of 95,106 shares of common stock. Assume that…

A: The 3,554 shares reacquired are called treasury shares. Treasury shares are not entitled to…

Q: The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume…

A: Given: Charter state issuance of common stock =100000Shares originnaly issued =40000Shares…

Q: A corporation is authorized to issue 15,000 ordinary shares with a par value of P 100 per share.…

A: Treasury stock: Shares which are bought back by the company from the open market but not retired…

Q: The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume…

A: dividend is paid on shares which are outstanding that is shares issued minus shares reacquired on…

Q: If a corporation issues 6,000 shares of $5 par value common stock for 89,000 the journal entry would…

A: Total par value of Common Stock = No. of Common Stock issued x par value per share = 6000 x $5 =…

Q: Percy Corporation was formed on January 1. The corporate charter authorized 100,000 shares of $10…

A: Organization Expenses are the expenses incurred by the company at the time of formation of the…

Q: the total number of outstanding shares of West Corporation amounts to?

A: Given information is: If West Corporation has 80,000 ordinary shares authorized, has 50,000 ordinary…

Q: Twin Towns, Inc., was authorized to issue 200,000 shares of common stock and originally issued…

A: Given information is: Twin Towns, Inc., was authorized to issue 200,000 shares of common stock and…

Q: What is the number of shares outstanding?

A: Answer - c.44,000

Q: The charter of a corporation provides for the issuance of 99,000 shares of common stock. Assume that…

A: Dividends: Distribution of company profits to their share holders based on their investments.

Q: The charter of a corporation provides for the issuance of 105,588 shares of common stock. Assume…

A: Dividend distribution is a method of distributing profit among the stockholder of the organization.…

Q: A corporation is authorized to issue 60,000 shares of $30 common stock, the corporation should…

A: Authorized capital is the maximum number of shares that a company can issue. Paid-in capital is the…

Q: The charter of a corporation provides for the issuance of 95,735 shares of common stock. Assume that…

A: Formulas: Cash dividend = Out standing shares * Dividend per share Cash dividend =(Shares issued -…

Q: The charter of a corporation provides for the issuance of 113,026 shares of common stock. Assume…

A: Dividends are paid on the Shares outstanding, not on shares issued. Shares outstanding = 37,231 -…

Q: The charter of a corporation provides for the issuance of 104,571 shares of common stock. Assume…

A: Cash dividends: The amount of cash provided by a corporation out of its distributable profits to its…

Q: If a corporation issues 6,000 shares of $5 par value common stock for $89,000, the journal entry…

A: Total par value of Common Stock = No. of Common Stock issued x par value per share = 6000 x $5 =…

Q: The charter of a corporation provides for the issuance of 95,000 shares of common stock. Assume that…

A: Common stock: These are the shares issued by a company to an outsider. These shares entitle a share…

Q: What is the number of shares outstanding?

A: Common stock: These are the ordinary shares that a corporation issues to the investors in order to…

Q: A corporation reacquires 60,000 shares of its own $10 par common stock for $3,000,000, recording it…

A: Authorized shares are the maximum number of shares a company is allowed to issue to shareholders as…

Q: A corporation has 4,000 shares of 10% noncumulative non participating preference shares outstanding,…

A: The total dividends would be first apportioned to preference shareholders and any remaining amount…

Q: The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume…

A: Calculate the outstanding shares as follows: Outstanding shares = Total shares - reacquired shares…

Q: The state charter allows a corporation to issue only a certain number of shares of each class of…

A: Note: “Since you have asked multiple questions, we will solve the first question for you. If you…

Q: shares were originally issued and 13,800 were subsequently reacquired. What is the number of shares…

A: Common stock is the most common type of stock that is issued by the stockholders. It qualifies…

Q: The charter of a corporation (articles of incorporation) provides for the issuance of 100,000 shares…

A: Authorised shares are the maximum number of shares that a company is authorised to issue. Company…

Q: The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume…

A: Formula: Shares outstanding = Shares issued - shares reacquired. Shares reacquired gets deducted…

Q: The charter of a corporation provides for the issuance of 109,000 shares of common stock. Assume…

A: Given, Shares issued = 55,000 Shares reacquired = 12,900

Q: When Wisconsin Corporation was formed on January 1, the corporate charter provided for 115,800…

A: Any excess received for issue of shares other than the par value goes to Paid-in Capital in Excess…

Q: The charter of a corporation provides for the issuance of 138,000 shares of common stock. Assume…

A: Common stock: These are the shares issued by a company to an outsider. These shares entitle a share…

Q: The MM CORPORATION was organized the State of Wisconsin’s. The charter authorized the Issuance of…

A: Common stock: These are the shares issued by a company to an outsider. These shares entitle a share…

Q: What is the number of shares outstanding?

A: Share Outstanding: = Issued shares- reacquired shares. Even if charter provides for 136,000 shares…

Q: A corporation has the following account balances: Common Stock, $1 par value, $80,000; Paid-in…

A: Legal capital = $80,000

Q: he charter of a corporation provides for the issuance of 99,542 shares of common stock. Assume that…

A: Given that: Total authorised shares = 99,542 shares Original issued shares = 39624 shares Reacquired…

Q: The charter of a corporation provides for the issuance of 114,000 shares of common stock. Assume…

A: Equity share capital refers capital which is raised by a corporation by offering shares.

Q: The charter of a corporation provides for the issuance of 120,000 shares of common stock. Assume…

A: Authorized share capital is the number of stock units (shares) that a corporation can issue as…

Q: a corporation issues 1,200,000 shares of stock at its beginning to shareholders. how many shares…

A: Given, Issue of shares = 1,200,000

Q: The charter of a corporation provides for the issuance of 114,964 shares of common stock. Assume…

A: Cash dividends: The amount of cash provided by a corporation out of its distributable profits to its…

Q: The charter of a corporation provides for the issuance of 118,000 shares of common stock. Assume…

A: Formula: Amount of cash dividends to be paid  = No. of shares issued and outstanding x Dividend per…

Q: The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume…

A: Outstanding shares for dividend = originally issued - reacquired shares Outstanding shares = 45000 -…

Q: A corporation issues common stock with a $5 stated value. Its Common Stock account has a balance of…

A: Here stated value is the Nominal value or par value at which shares are issued.  Number of shares…

Q: The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume…

A: Dividend is the amount of return paid to shareholders of a company.

Q: The charter of a corporation provides for the issuance of 117,000 shares of common stock. Assume…

A: Shares means the acknowledgement issued by company signifying the holder to be the owner or share…

Q: Part A - A corporation reacquires 60,000 shares of its own $10 par common stock for $3,000,000,…

A: Reacquired shares are also known as treasury stock and it shown under shareholder's equity as a…

Q: The charter of a corporation provides for the issuance of 111,000 shares of common stock. Assume…

A: Stock:   A kind of investment that are made by the investors, in order to get more returns is…

Q: The company is granted a charter that authorizes issuance of 15,000 shares of $100 par value…

A: Journal entry refers to any entry which is made to record the transactions which are financial in…

Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.