Respuesta :
Answer:
Issued shares =5000
Outstanding shares = 4700
Explanation:
Jan-1 Issued shares = 2000 shares
During year 3000 shares were issued.
a.) Outstanding shares =?
we know that Outstanding shares = issued stock -repurchased shares- treasury stock
= 2000+3000-500+200
= 4700 shares.
b.) Shares of common stock issued=?
Number of issued shares = 2000+3000 = 5000 shares.
Number of outstanding shares will always be less than issued shares.
a) At the end of 2018, JAE Corporation has 4,700 shares of Common Stock outstanding.
b) At the end of 2018, JAE Corporation has issued 2,700 shares (3,000 - 500 + 200).
Data and Calculations:
Authorized shares:
20,000 shares, Common stock at $10 par
Issued and Outstanding, 2,000 shares at $10 par = $20,000
Additional Paid-in Capital = $15,000
Retained Earnings = $82,000
Transactions in 2018:
Issuance of 3,000 shares
Treasury stock = 500 shares
Resale of treasury stock = 200 shares
Outstanding shares = 4,700 shares (2,000 + 3,000 - 500 + 200)
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