Assume the following information for Petra sales. Inc. Common Stock $1 00 per 232,000 shares...

90.2K

Verified Solution

Question

Accounting

image

Assume the following information for Petra sales. Inc. Common Stock $1 00 per 232,000 shares issued.186,000 shares outstanding Paid-In Capital in Excess od Par-Common $1, 770,000 Retained Earnings: $2, 450,000. Treasury Stock: 46,000 shares purchased at $12 per share If Petra Sales purchases an additional 13,000 shares of treasury stock at $18per share, what number of shares will be shown as issued and outstanding? 219,000 issued 186,000 outstanding 232,000 issued 173,000 outstanding 232,000 issued 186,000 outstanding18 is issued 186,000 outstanding

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students