Ebberle Corporation reported the following in the stockholders' equity section of its balance sheet at December 31, 2012: How many shares of stock are issued?

Question

Ebberle Corporation reported the following in the stockholders' equity section of its balance sheet at December 31, 2012:  How many shares of stock are issued?

Quizplus · Accepted Answer

The only line in the stockholders' equity section that indicates the number of shares issued is the "Common stock, $1 par value; 10,000 shares authorized, 10,000 shares issued" line. This indicates that a total of 10,000 shares of common stock have been issued by the company.

Ebberle Corporation Reported the Following in the Stockholders' Equity Section