Coral Cleaners, Inc Coral Cleaners reported the following information in the stockholders' equity section of its December 31, 2011, balance sheet. 7% Cumulative, non-participating preferred stock, $100 par, 500 shares authorized, issued, and outstanding, callable at par value $ 50,000 Common stock, $12 par, 100,000 shares authorized 600,000 Additional paid-in capital 25,000 Retained earnings
825,000 Refer to the information presented above for Coral Cleaners, Inc What is the number of shares of common stock issued and outstanding?
A) 50,000 shares
B) 100,000 shares
C) 6,000 shares
D) 5,000 shares
A
Business
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