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The following data is available for Wingate Corporation at December 31st, 2022:

Common stock, par $264000
$10 (authorized 33000shares)
Treasury stock (at cost $15 per share) $900

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

a. 33000
b. 29640.
c. 26340.
d. 26400.

Respuesta :

abiolataiwo2015

Answer:

C.$26,340

Explanation:

Calculation for how many shares of common stock are issued

Shares of common stock outstanding=($264000 ÷ 10) - ($900 ÷ $15)

Shares of common stock outstanding=$26,400-60

Shares of common stock outstanding=$26,340

Therefore the Shares of common stock outstanding is $26,340

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