How many shares of common stock outstanding for athens city

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Reference no: EM132771233

Athens City reported the following information at December 31:

Preferred Stock, $3 par, 10,000 shares authorized $ 8,700

Additional paid-in capital - preferred stock 17,400

Common stock, $2.50 par, 16,000 shares authorized 20,000

Additional paid-in capital - common stock. 8,800

Retained earnings 27,000

Treasury stock, at cost of $5 per share. (3,000 )

Total $78,900

Problem 1: How many shares of common stock are outstanding?

Select one:

a. 7,400

b. 6,900

c. 8,000

d. 7,800

Reference no: EM132771233

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