Please refer to the following information for Peartree Company:
• Common stock, $1.00 par, 100,000 issued, 95,000 outstanding
• Paid-in capital in excess of par: $2,150,000
• Retained earnings: $910,000
• Treasury stock: 5,000 shares purchased at $20 per share
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If Peartree purchases an additional 1,000 shares of treasury stock at $18 per share, what amounts will be shown for the number of shares issued and outstanding?

Question

Please refer to the following information for Peartree Company:
• Common stock, $1.00 par, 100,000 issued, 95,000 outstanding
• Paid-in capital in excess of par: $2,150,000
• Retained earnings: $910,000
• Treasury stock: 5,000 shares purchased at $20 per share
- 
If Peartree purchases an additional 1,000 shares of treasury stock at $18 per share, what amounts will be shown for the number of shares issued and outstanding?

Quizplus · Accepted Answer

A) Calculations: 95,000 - 1,000 = 94,000

Please Refer to the Following Information for Peartree Company