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