Question

The following data is available for Bonita Corporation at December 31, 2018: Common stock, par $10 (authorized 31200 shares) $245000 Treasury Stock (at cost $15 per share) $ 750 Based on the data, how many shares of common stock have been issued

Answer 1

24,500 shares

Step-by-step explanation:

Common stock par $10 (authorized 31200 shares) = $245,000

Treasury stock (at cost is $15 per share) =$750

Common stock issued = Common stock value / Stock value

Common stock issued = $245,000 / $10

Common stock issued =24,500 shares