Solved

Winslow Corporation Reported the Following in the Stockholders' Equity Section

Question 113

Multiple Choice

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
 Common stock, $1 stated value $10,000 Additional paid-in capital-common 40,000 Retained earnings 25,000 Total contributed capital and retained earnings $75,000 Less: Treasury stock (at cost $20 per share)  ($2,000)  Total stockholders’ equity $73,000\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}


A) 9,000
B) 10,000
C) 10,100
D) Not enough information to determine

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions