Business, 02.03.2020 19:23 dirtridersteve65

The following information pertains to JAE Corp. at January 1, 2018:

Common stock, $10 par, 20,000 shares authorized, 2,000 shares issued and outstanding $20,000
Paid-in capital in excess of par, common stock 15,000
Retained earnings 82,000

JAE Corp. completed the following transactions during 2018:
Issued 3,000 shares of $10 par common stock for $25 per share.
Repurchased 500 shares of its own common stock for $26 per share.
Resold 200 shares of treasury stock for $30 per share.

Required:
(a) How many shares of common stock were outstanding at the end of the period?
(b) How many shares of common stock had been issued at the end of the period?

Answers: 2

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The following information pertains to JAE Corp. at January 1, 2018:

Common stock, $10 pa...