The charter of a corporation provides for the issuance of 114,000 shares of common stock. Assume that 51,000 shares were originally issued and 6,800 were subsequently reacquired. What is the number of shares outstanding?

Q: The charter of a corporation provides for the issuance of 91,724 shares of common stock. Assume that…

A: When shares are reacquired, the dividends are not required to be paid on such stocks.

Q: The articles of incorporation were received, authorizing Reverse Corporation to issue 100,000 shares…

A: Ordinary shares refer to the equity share capital of the company. If the company issues its ordinary…

Q: The charter of a corporation provides for the issuance of 103,000 shares of common stock. Assume…

A: Dividend is declared on the basis of number of share issued to the public.

Q: The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume…

A: Number of shares outstanding  = Shares issued - Shares reacquired

Q: The charter of a corporation provides for the issuance of 95,106 shares of common stock. Assume that…

A: The 3,554 shares reacquired are called treasury shares. Treasury shares are not entitled to…

Q: Tandy Company was issued a charter by the state of Indiana on January 15 of this year. The charter…

A: Stockholders' equity represents the total value available to the shareholders after the settlement…

Q: Early in the year Bill Sharnes and several friends organized a corporation called Sharnes…

A: Journal entries means writing down the transaction that takes place in a business, in the journal of…

Q: A corporation is authorized to issue 15,000 ordinary shares with a par value of P 100 per share.…

A: Treasury stock: Shares which are bought back by the company from the open market but not retired…

Q: The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume…

A: dividend is paid on shares which are outstanding that is shares issued minus shares reacquired on…

Q: Percy Corporation was formed on January 1. The corporate charter authorized 100,000 shares of $10…

A: Organization Expenses are the expenses incurred by the company at the time of formation of the…

Q: the total number of outstanding shares of West Corporation amounts to?

A: Given information is: If West Corporation has 80,000 ordinary shares authorized, has 50,000 ordinary…

Q: The charter of a corporation provides for the issuance of 10,000 shares of common stock. Assume that…

A: Formula: Cash dividends = Number of outstanding shares x Dividend per share. Multiplying dividend…

Q: A corporation was organized on January 1 of the current year, with an authorization of 20,000 shares…

A: Total  fair market prices of assets = Land + Building + Equipment = $65000 + 120000 + 45000 =…

Q: 11. Outstanding shares are the a. number of shares that have been distributed to shareholders. b.…

A: Hey there since multiple questions are posted only the first three questions will be answered.…

Q: The charter of a corporation provides for the issuance of 100,000 shares of common stock.  Assume…

A: The dividend will not be paid for reacquired shares/treasury shares

Q: The charter of a corporation provides for the issuance of 99,000 shares of common stock. Assume that…

A: Dividends: Distribution of company profits to their share holders based on their investments.

Q: The charter of a corporation provides for the issuance of 105,588 shares of common stock. Assume…

A: Dividend distribution is a method of distributing profit among the stockholder of the organization.…

Q: The charter of a corporation provides for the issuance of 111,000 shares of common stock. Assume…

A: Common stock: These are the ordinary shares that a corporation issues to the investors in order to…

Q: A corporation is authorized to issue 60,000 shares of $30 common stock, the corporation should…

A: Authorized capital is the maximum number of shares that a company can issue. Paid-in capital is the…

Q: 1. The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume…

A: solution : The charter of a corporation provides for the issuance of 100,000 shares of common stock.…

Q: The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume…

A: Number of shares issued = No. of shares issued - No. of shares reaquired

Q: The charter of a corporation provides for the issuance of 95,735 shares of common stock. Assume that…

A: Formulas: Cash dividend = Out standing shares * Dividend per share Cash dividend =(Shares issued -…

Q: The charter of a corporation provides for the issuance of 114,615 shares of common stock. Assume…

A: Note: Dividend is paid on the number of shares issued and outstanding. Number of shares issued and…

Q: The charter of a corporation provides for the issuance of 104,571 shares of common stock. Assume…

A: Cash dividends: The amount of cash provided by a corporation out of its distributable profits to its…

Q: Torey Corporation was organized on April 1, with an authorization of 25,000 shares of six percent,…

A: Introduction: Paid in capital in excess of PAR: Shares issued more than PAR value. Th excess of PAR…

Q: Use the following information to answer questions 30 and 31. When Calvert Corporation was formed on…

A: Cash received on issue of 8000 shares at $25 = 8000×$25 =$200000

Q: The corporate charter of Carla Vista Corporation allows the issuance of a maximum of 30,800,000…

A: Introduction:- The Following Basic Information as follows under:-  Carla Vista Corporation allows…

Q: The charter of a corporation provides for the issuance of 94,546 shares of common stock. Assume that…

A: Dividend is paid on the shares outstanding. Shares outstanding = 41,432 - 3,112 = 38,320 shares

Q: The state charter allows a corporation to issue only a certain number of shares of each class of…

A: Note: “Since you have asked multiple questions, we will solve the first question for you. If you…

Q: The charter of a corporation provides for the issuance of 105,000 shares of common stock. Assume…

A: Given that,  number of shares originally issued = 63000 shares number of shares reacquired = 12600

Q: The charter of a corporation (articles of incorporation) provides for the issuance of 100,000 shares…

A: Authorised shares are the maximum number of shares that a company is authorised to issue. Company…

Q: A corporation was organized on January 1 of the current year with an authorization of 20,000 shares…

A: Given : Preferred stock par value = $ 12 Common stock par value = $ 3

Q: Early in the year Bill Sharnes and several friends organized a corporation called Sharnes…

A: Part (a) In the Books of S Coporporation Inc  Journal Entries       In($) Date  Particulars…

Q: The charter of a corporation provides for the issuance of 109,000 shares of common stock. Assume…

A: Given, Shares issued = 55,000 Shares reacquired = 12,900

Q: A corporation was organized on January 1 of the current year, with an authorization of 20,000 shares…

A: Common Stock and preferred stock are two type of shares issued by the company. Any amount received…

Q: The charter of a corporation provides for the issuance of 138,000 shares of common stock. Assume…

A: Common stock: These are the shares issued by a company to an outsider. These shares entitle a share…

Q: The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume…

A: Number of shares outstanding are computed by deducting the number of shares reacquired from total…

Q: he charter of a corporation provides for the issuance of 99,542 shares of common stock. Assume that…

A: Given that: Total authorised shares = 99,542 shares Original issued shares = 39624 shares Reacquired…

Q: During its first year of operations, Eastern Data Links Corporation entered into the following…

A: Given information is: During its first year of operations, Eastern Data Links Corporation entered…

Q: The charter of a corporation provides for the issuance of 120,000 shares of common stock. Assume…

A: Authorized share capital is the number of stock units (shares) that a corporation can issue as…

Q: Percy Corporation was formed on January 1. The corporate charter authorized 100,000 shares of $10…

A: The journal entry for the given transaction would be  Organization expense Dr $ 4800   Common…

Q: The charter of a corporation provides for the issuance of 114,964 shares of common stock. Assume…

A: Cash dividends: The amount of cash provided by a corporation out of its distributable profits to its…

Q: The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume…

A: Outstanding shares for dividend = originally issued - reacquired shares Outstanding shares = 45000 -…

Q: The charter of a corporation provides for the issuance of 116,962 shares of common stock. Assume…

A: Cash dividend will be paid  for shares issued Less shares reacquired

Q: The charter of a corporation provides for the issuance of 117,000 shares of common stock. Assume…

A: Shares means the acknowledgement issued by company signifying the holder to be the owner or share…

Q: A corporation was organized on January 1 of the current year, with an authorization of 10,000 shares…

A: When shares are issued for a consideration other than cash, then fair value of shares has to be…

Q: The charter of a corporation provides for the issuance of 111,000 shares of common stock. Assume…

A: Stock:   A kind of investment that are made by the investors, in order to get more returns is…

Q: The XYZ Corporation was duly organized on July 10. Its certificate of incorporation provides for…

A: XYZ Corporation was duly organized on July 10. Authorized capital = $1 million Which consists of…

Q: The company is granted a charter that authorizes issuance of 15,000 shares of $100 par value…

A: Journal entry refers to any entry which is made to record the transactions which are financial in…