The stockholders\' equity section of the balance sheet of Crammond Corporation a

Question

The stockholders' equity section of the balance sheet of Crammond Corporation at December 31, appears as follows: Stockholders' Equity $700,00 $3 preferred stock, $100 par, 10,000 shares authorized 150,000 Common stock, $2 par, 100,000 shares authorized Additional Paid-in Capital: From issuance of preferred stock 180,000 From issuance of common stock 725,000 Total paid-in capital 1,755.000 Retained earnings 850.000 Total Stockholders' equity $2.605,000 Refer to the information above. How many shares of common stock are outstanding?

Explanation / Answer

= 150000/2 = 75000

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