QUESTION 18 The balance sheet of Cool Corporation reported 300,000 shares outstanding 400,000 shares authorized,...
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QUESTION 18 The balance sheet of Cool Corporation reported 300,000 shares outstanding 400,000 shares authorized, and 40,000 shares in treasury stock. How many shares are issued? O a. 360,000 Ob.400,000 Oc 300,000 d. 340,000 QUESTION 19 On May 1, Nerd Corporation purchased 400 shares of the company's own common stock at $20 cash per share. On May 31, tressed 200 of those shares at 530 cash per share. As a result of this transaction what was the amount of the gain Nerd reported in its income statement for that year? a. $4,000. b. $0. c. $6,000 d. $2,000
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