Preferred Stock, 7%, $115 par $1,170,000 Common Stock, $1.50 par 300,000 Paid in capital in excess of par, common stock 1,200,000 Retained earnings 2.500.000 Total $5,170,000 Based on the information above, how many shares of common stock are classified as issued?

A. 1,500,000
B. 1,000,000
C. 300,000
D. 200,000

D. 200,000

Explanation:

As per given information

Preferred Stock, 7%, $115 par                              $1,170,000

Common Stock, $1.50 par                                   $300,000

Paid in capital in excess of par, common stock $1,200,000

Retained earnings                                                $2,500,000

Total                                                                       $5,170,000

As common stock is reported on the par value we can calculate the number of share by simply dividing total value with par value.

Common Stock = $300,000

Number of shares = Common stock paid in capital / Par value

Number of shares = $300,000 / $1.50

Number of shares = 200,000 shares

200,000 share are classified as issued shares.

there's 11 people for the 1st position. then, no matter who gets it, there's only 10 left for the second, and then 9 left for the third. 11 x 10 x 9 = 990.   the answer is there are 990 different ways the positions can be filled by these applicants

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