The authorized share capital of the alfred cake company is, Ask an Expert

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The authorized share capital of the Alfred Cake Company is 110,000 shares. The equity is currently shown in the company’s books as follows: Common stock ($2 par value) $ 73,000 Additional paid-in capital 23,000 Retained earnings 43,000 Common equity $ 139,000 Treasury stock (2,000 shares) 17,000 Net common equity $ 122,000 a. How many shares are issued? b. How many shares are outstanding? c. How many more shares can be issued without the approval of shareholders?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91612759

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