Montana Company was authorized to issue 80,000 shares of common stock. The company had issued 27,000 shares of stock when it purchased 4,000 shares of treasury stock. After the purchase of treasury stock, the number of outstanding shares of common stock was which of the following? a. 76,000
b. 31,000
c. 27,000
d. 23,000

On july 1, oura corp. made a sale of $ 450,000 to stratus, inc. on account. terms of the sale were 2/10, n/30. stratus makes payment on july 9. oura uses the net method when accounting for sales discounts. ignore cost of goods sold and the reduction of inventory. a. prepare all oura's journal entries. b. what net sales does oura report?

Principals are an administration career

The following are budgeted data: january february march sales in units 16,200 22,400 19,200 production in units 19,200 20,200 18,700 one pound of material is required for each finished unit. the inventory of materials at the end of each month should equal 20% of the following month's production needs. purchases of raw materials for february would be budgeted to be: