The Following Items Were Shown on the Balance Sheet of Westwind

question 52

Essay

The following items were shown on the balance sheet of Westwind Corporation on December 31 2017: Instructions
Complete the following statements and show your computations.
(a) The number of shares of common stock issued was _______________.
(b) The number of shares of common stock outstanding was ____________.
(c) The sales price of the common stock when issued was $____________.
(d) The cost per share of the treasury stock was $_______________.
(e) The average issue price of the common stock was $______________.
(f) Assuming that 25% of the treasury stock is sold at $20 per share the balance in the Treasury Stock account would be $_______________.

---

Definitions:

Ecclesiastical Jurisdiction

The authority and governance exercised by church leaders over church matters and its members.

Too Narrow

A critique suggesting that a description, definition, or focus is excessively limited or specific.

Right Angles

An angle of 90 degrees, indicating a perpendicular intersection between two lines or surfaces.

Genus

A class or group of things that share common characteristics.