The Following Data Is Available for BOX Corporation at December

question 214

Multiple Choice

The following data is available for BOX Corporation at December 31, 2017: $\begin{array}{lr}\text { Common stock, par \( \$ 10 \) (authorized 30,000 shares) }&\$270,000\\\text {Treasury stock (at cost \( \$ 15 \) per share) }&\$1,200\\\end{array}$
Based on the data, how many shares of common stock are outstanding?

• A)30,000.
• B)27,000.
• C)29,920.
• D)26,920.

---

Definitions:

Soluble

Capable of being dissolved in a solvent, such as a liquid, especially water.

Water

A polar inorganic compound that is at room temperature a tasteless and odorless liquid, which is nearly colorless apart from an inherent hint of blue.

Tamiflu

An antiviral medication used to treat and prevent influenza, specifically targeting the influenza virus and inhibiting its reproduction.

Antiinfluenza Drug

A medication designed to treat or prevent the influenza virus infection by inhibiting its replication cycle.