The following information pertains to Kwon Corp. at January 1, 2010.Common stock, $10 par, 50,000 shares authorized,2,000 shares issued and outstanding $ 20,000 Paid-in capital in excess of par, common stock 15,000 Retained earnings 65,000
Kwon Corp. completed the following transactions during 2010:
1. Issued 2,000 shares of $10 par common stock for $25 per share.
2. Repurchased 200 shares of its own common stock for $22 per share.
3. Resold 50 shares of treasury stock for $26 per share.
- How many shares of common stock were outstanding at the end of the period?
- How many shares of common stock had been issued at the end of the period?