ACCTG 10-Harper Company was authorized to issue 100,000

by | Mar 18, 2020 | Uncategorized

  

Harper Company was authorized to issue 100,000 of $12 par value common shares of stock. During their first year of operations 80,000 shares were issued. Harper Company then repurchased 20,000 shares as treasury shares and subsequently re-issued 7,000 treasury shares. As of the end of the year:

(1) how many shares of stock are authorized?; 

(2) how many shares of stock are issued?; 

(3) how many shares of stock are outstanding?

  

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