Which of the following represents the largest number of common shares?
a. Treasury shares
b. Issued shares
c. Outstanding shares
d. Authorized shares
Related questions
JetBlue Airways Corporation (JBLU) reports the following in its latest quarterly report:
| Authorized shares | 500,000,000 |
| Shares issued | 317,391,718 |
| Shares outstanding | 290,305,387 |
a. How many shares are in the treasury stock?
b. If the float is 280,700,408 shares, find the number of restricted shares.
c. Recently, JBLU closed at $5.51 per share.
Based on this price, find the market capitalization of the company.
The following selected accounts appear in the ledger of Patton Environmental Inc. on July 1, 2014, the beginning of the current fiscal year:
| Preferred 2% Stock, $100 par (90,000 shares authorized, 45,000 shares issued) | $4,500,000 |
| Paid-In Capital in Excess of ParâPreferred Stock | 540,000 |
| Common Stock, $15 par (700,000 shares authorized, 190,000 shares issued) | 2,850,000 |
| Paid-In Capital in Excess of ParâCommon Stock | 370,000 |
| Retained Earnings | 17,511,000 |
During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows:
Issued 70,000 shares of common stock at $18, receiving cash.
Issued 23,000 shares of preferred 2% stock at $120.
Purchased 42,000 shares of treasury common for $714,000.
Sold 21,000 shares of treasury common for $420,000.
Sold 14,000 shares of treasury common for $210,000.
Declared cash dividends of $2.00 per share on preferred stock and $0.04 per share on common stock.
Paid the cash dividends.
Journalize the entries to record the transactions.
For a compound transaction, if an amount box does not require an entry, leave it blank.
