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
You might also like to view...
Most consumer sales promotions temporarily change the price/value relationship
Indicate whether the statement is true or false
Which environmental marketing strategy involves identifying environmentally friendly practices that also have the effect of creating cost savings and driving efficiencies throughout the organization?
A. eco-branding B. beyond compliance leadership C. eco-efficiency D. environmental cost leadership E. sustainable value innovation
________ forecasting methods are primarily subjective and rely on human judgment
A) Qualitative B) Time-series C) Causal D) Simulation
Regarding the amount of money borrowed on a loan, all of the following are true except
A) the amount is based on how much the lender believes you can pay back in the future. B) you should borrow slightly more than you need to cover future inflation. C) you should only borrow the amount you need. D) you will have to pay interest on the entire amount.