Business, 31.10.2019 04:31 davisnaziyahovz5sk

During the year, todd corporation issued 200 shares of $20 par value common stock for $50 a share. a total of 500 shares were authorized. in addition, the company purchased 75 shares of treasury stock at $44 a share. which of the following best presents the related lines in the stockholders’ equity section of the company’s balance sheet?

(a)
common stock, $20 par value, 500 shares authorized, 200 shares issued, 425 outstanding $8,500
paid in capital in excess of par - common 11,050
less: treasury stock, 75 shares @ $44 per share (3,300)
(b)
common stock, $20 par value, 500 shares authorized, 200 shares issued, 125 outstanding $4,000
paid in capital in excess of par - common 6,000
less: treasury stock, 75 shares @ $44 per share (3,300)
(c)
common stock, $50 market value, 500 shares authorized, 200 shares issued, 125 outstanding

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During the year, todd corporation issued 200 shares of $20 par value common stock for $50 a share. a...

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