The Following Data Is Available for Santos Service Corporation at December

question 186

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 have been issued?

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

---

Definitions:

Civil Rights Act

Legislation passed in the United States that aimed to end discrimination based on race, color, religion, sex, or national origin, notably the landmark act of 1964.

Federal Government

A system of government where power is divided between a national government and various regional governments.

Investigate Complaints

The process of formally examining allegations or grievances to determine their validity and find resolutions.

Fair Housing Act

A federal law in the United States that aims to prevent discrimination in housing based on race, religion, national origin, sex, disability, and family status.