Jerry213 Jerry213

11-12-2019
Business

contestada

The balance sheet for Crutcher Corporation reported 290,000 shares outstanding, 390,000 shares authorized, and 29,000 shares in treasury stock. Compute the maximum number of new shares that Crutcher could issue.

Respuesta :

anijesuajayi anijesuajayi

11-12-2019

Answer:

71,000 Shares Can be Issued by Crutcher

Explanation:

Step 1:

The authorised Shares represent the maximum shares Crutcher is allowed to issue at any point in time.

Since, 290,000 are outstanding and 29,000 are alread in treasury stock, then the maximum number of new issues will be determined by the following formula

Authorised Share- Outstanding Shares-Treasury Stock

390,000-290,000-29,000= 71,000 Shares

or Authorised Share - (Outstanding Shares + Treasury Stock)

390,000- 319,000)= 71,000 Shares

Answer Link

Otras preguntas

3. In your opinion, using paraphrased evidence (it does not need to be copy/pasted, just explained), how does Trevor Noah use ethos (credibility) throughout his

Using the same criteria as in Question 1 for the percentage differences, describe your results for the determination of mass of the meter stick in Part 3 of the

what does it mean if cash after debt amortization on a uca cash flow statement is positive for a given operating period g

among those who would be judged favorably in gislebertus’s last judgment are people carrying bags adorned with a shell and a cross. these figures represent

Scientists use ____ to alter an organism's genetic material by adding, deleting, or changing segments of its DNA to produce desirable traits or to eliminate und

You use FedEx and UPS to ship your products to customers. This is an example of a(n) ________ activity.downstreaminternalupstreamirrelevant

Continue your research on a current event. Select one reliable news story on the topic that contains at least one graphical element. In one to two paragraphs, b

rag the terms into the table to indicate an advantage or disadvantage of using aluminum in the production of cans

1. Match the words with the definitions. ways of access into a city or location, such as a road or river followed a plan of action or a method to gain an object

to avoid import restrictions on media buys, it is a good strategy for us companies to: