The Following Data Is Available for Santos Service Corporation at December

question 76

Multiple Choice

The following data is available for Santos Service Corporation at December 31 2017: Common stock, par $\$ 10$ (authorized 100,000 shares) $\quad$ $\$ 400,000$
Treasury Stock (at cost $\$ 15$ per share) $\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\$27,000$
Based on the data how many shares of common stock are outstanding?

• A) 50000
• B) 40000
• C) 49880
• D) 38200

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