Winslow Corporation reported the following in the stockholders' equity section of its balance sheet at December 31, 2016: $\begin{array}{lr}
\text { Common stock, } \$ 1 \text { stated value } & \$ 10,000 \
\text { Additional paid-in capital-common } & 40,000 \
\text { Retained earnings } & 25,000 \
\text { Total contributed capital and retained earnings } & \$ 75,000 \
\text { Less: Treasury stock (at cost } \$ 20 \text { per share) } & (2,000) \
\text { Total stockholders' equity } & \$ 73,000
\end{array}$ How many shares of stock are issued?

Question

Quizplus · Accepted Answer

The number of shares issued can be determined from the common stock's stated value. The common stock amount is $10,000 with a stated value of $1 per share, indicating that 10,000 shares have been issued.

Winslow Corporation Reported the Following in the Stockholders' Equity Section