Equity accounts

1. Equity accounts. The authorized share capital of the Alfred Cake company is 100,000 shares. The equity is currently shown in the company's books as follows:

2. common stock (1.00 par value) $60,000

3. additional paid � in capital $10,000

6. Treasury stock (2,000 shares) $5,000

a. How many shares are issued? 60,000

c. How many more shares can be issued without the approval of shareholders? 40,000

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Category: Economics - E