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Use the incomplete Stockholders' Equity section of Box Company's balance sheet as of December 31, 2017, to answer the following question.
Common stock, $7 par, 100,000 shares authorized $ 700,000 Additional paid-in capital-common 160,000 Retained earnings ? Treasury stock (2,000 shares at cost) (16,000)Total stockholders' equity 974,000
Problem 1: How many shares of common stock are outstanding?
a.78,000 b.98,000 c.68,000 d.100,000
Financial Statement Analysis and Preparation
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T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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