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The Following Data Is Available for Blaine Corporation at December

Question 225

Multiple Choice

The following data is available for Blaine Corporation at December 31, 2015: Common stock, par $10 (authorized 30,000 shares)  $250,000 Treasury Stock (at cost $15 per share) 900\begin{array}{ll}\text {Common stock, par \( \$ 10 \) (authorized 30,000 shares) }&\$250,000\\\text { Treasury Stock (at cost \( \$ 15 \) per share) }&900\\\end{array}
Based on the data, how many shares of common stock are outstanding?


A) 30,000
B) 25,000
C) 29,940
D) 24,940

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