Winslow Corporation Reported the Following in the Stockholders' Equity Section

question 113

Multiple Choice

Winslow Corporation reported the following in the Stockholders' Equity section of its balance sheet at December 31,2017: How many shares of stock are issued
$$\begin{array} { l r } \text { Common stock, } \$ 1 \text { stated value } & \$ 10,000 \\\text { Additional paid-in capital-common } & 40,000 \\\text { Retained earnings } & \underline{25,000} \\\text { Total contributed capital and retained earnings } & \$ 75,000 \\\text { Less: Treasury stock (at cost } \$ 20 \text { per share) } & \underline{(\$ 2,000 ) }\\\text { Total stockholders' equity } & \underline{ \$ 73,000} \\\end{array}$$

• A)9,000
• B)10,000
• C)10,100
• D)Not enough information to determine

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