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The following data is available for Bonita Corporation at December 31, 2018: Common stock, par $10 (authorized 31200 shares) $245000 Treasury Stock (at cost $15 per share) $ 750 Based on the data, how many shares of common stock have been issued

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Tundexi

Answer:

24,500 shares

Explanation:

Common stock par $10 (authorized 31200 shares) = $245,000

Treasury stock (at cost is $15 per share)                 =$750

Common stock issued = Common stock value / Stock value

Common stock issued = $245,000 / $10

Common stock issued =24,500 shares

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