The following data is available for BOX Corporation at December 31 2021: Common stock, par $ \$ 10 $ (authorized 30,000 shares) $ \$ 270,000 $
Treasury stock (at cost $ \$ 15 $ per share $ ) $ $ \$1,200 $ Based on the data how many shares of common stock are outstanding?

Question

The following data is available for BOX Corporation at December 31 2021: Common stock, par $ \$ 10 $ (authorized 30,000 shares) $ \$ 270,000 $
 Treasury stock (at cost $ \$ 15 $ per share $ ) $ $ \$1,200 $ Based on the data how many shares of common stock are outstanding?

Quizplus · Accepted Answer

The company has issued 27,000 shares (calculated as $270,000 / $10 par value). The treasury stock represents 80 shares (calculated as $1,200 / $15 per share). Therefore, the outstanding shares are 27,000 - 80 = 26,920.

The Following Data Is Available for BOX Corporation at December $10 \$ 10 $10

The Following Data Is Available for BOX Corporation at December $\$ 10$