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Landmark Company This Company Reported the Following Information in the Stockholders

Question 140

Multiple Choice

Landmark Company This company reported the following information in the stockholders' equity section of its December 31,2014,balance sheet:
 7 % Cumulative, Non-paticipating Preferred Stock, $ 100 par, 500  shares authorized, issued, and outstending callable at par value $50,000 Common Stock, $ 12 par, 100,000 shares authorized 600,000 Paid-inC apital in Excess of Par-Common Stock 25,000 Retained Earnings 825,000\begin{array}{ll} \text { 7 \% Cumulative, Non-paticipating Preferred Stock, \$ 100 par, 500 } \\ \text { shares authorized, issued, and outstending callable at par value } &\$ 50,000 \\ \text { Common Stock, \$ 12 par, 100,000 shares authorized } &600,000 \\ \text { Paid-inC apital in Excess of Par-Common Stock } &25,000 \\ \text { Retained Earnings } &825,000\end{array}
-Refer to Landmark Company.What is the number of shares of common stock issued and outstanding?


A) 50,000
B) 100,000
C) 6,000
D) 5,000

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