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: $\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

---

Definitions:

Evolutionary Theories

A set of principles that explains how biological organisms have changed over time due to processes such as natural selection and genetic drift.

Charles Darwin

A naturalist known for his contributions to the science of evolution and natural selection.

Structuralism

An early school of psychology that used introspection to explore the elemental structure of the human mind, emphasizing the analysis of immediate experiences into basic elements.

Phrenology

A now-discredited theory that suggested the shape and size of the human skull could be used to determine personality traits and mental abilities.