11:23 AM / Remaining: 133 min. Question 10 The following data is available for S

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11:23 AM / Remaining: 133 min. Question 10 The following data is available for Sunland Service Corporation at December 31, 2017: Common stock, par $10 (authorized 29800 shares Treasury Stock (at cost $15 per share) $260000 750 Based on the data, how many shares of common stock are outstanding? 29800 26000 29750 25950 Click if you would like to Show Work for this question: ay ascessino this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instruct Question Attempts: 0 of Earn Maximum Poin

Explanation / Answer

Calculation of common stock outstanding

Common stock ($260,000/10)

       26,000

Less: Treasury stock (750/15)

-50

Common stocks outstanding

      25,950

Ans

Option (D) is correct

      25,950

Calculation of common stock outstanding

Common stock ($260,000/10)

       26,000

Less: Treasury stock (750/15)

-50

Common stocks outstanding

      25,950

Ans

Option (D) is correct

      25,950

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