Winslow Corporation reported the following in the Stockholders' Equity section of its balance sheet at December 31,2017: How many shares of stock are issued
$$\begin{array} { l r }
\text { Common stock, } \$ 1 \text { stated value } & \$ 10,000 \
\text { Additional paid-in capital-common } & 40,000 \
\text { Retained earnings } & \underline{25,000} \
\text { Total contributed capital and retained earnings } & \$ 75,000 \
\text { Less: Treasury stock (at cost } \$ 20 \text { per share) } & \underline{(\$ 2,000 ) }\
\text { Total stockholders' equity } & \underline{ \$ 73,000} \
\end{array}$$

Question

Winslow Corporation reported the following in the Stockholders' Equity section of its balance sheet at December 31,2017: How many shares of stock are issued 
$$\begin{array} { l r } 
\text { Common stock, } \$ 1 \text { stated value } & \$ 10,000 \
\text { Additional paid-in capital-common } & 40,000 \
\text { Retained earnings } &  \underline{25,000} \
\text { Total contributed capital and retained earnings } & \$ 75,000 \
\text { Less: Treasury stock (at cost } \$ 20 \text { per share) } &  \underline{(\$ 2,000 ) }\
\text { Total stockholders' equity } & \underline{ \$ 73,000} \
\end{array}$$

Quizplus · Accepted Answer

The number of shares issued is calculated by dividing the total amount of common stock by the par value per share. In this case, the total amount of common stock is $100,000 and the par value per share is $10. Therefore, the number of shares issued is 10,000 (100,000 ÷ 10).

Winslow Corporation Reported the Following in the Stockholders' Equity Section