Mews Corporation has the following information reported on the balance sheet as of December 31, 2017:
Common Stock, $10 par value (authorized 20,000 shares) $90,000
Treasury Stock (2000 shares) $30,000
Based on the information above, how many shares of common stock have been issued?
A) 11,000
B) 9000
C) 7000
D) 2000
B
Explanation: B) $90,000 ÷ $10 = 9000 shares
You might also like to view...
Kaplan Corp. is evaluating the purchase of a small firm, Pahl Inc., which manufactures ornamental gadgets, products involving advanced technology. These products are expected to revolutionize the home construction industry. Pahl has only a minor share of this growing market, but the market is expected to grow rapidly. In which of the following categories of business in the BCG matrix would this firm be placed?
A. cash cows B. stars C. spinoffs D. question marks E. dogs
What is a time series plot?
What will be an ideal response?