Answer:
225,000 shares
Explanation:
A company's shares outstanding refers to the total number of shares investors currently own.
Beck Corp. issued 200,000 shares of common stock when it began operations in year 1 and issued an additional 100,000 shares in year 2.
In year 3, Beck purchased 75,000 shares of its common stock and held it in Treasury.
At December 31, year 3, the number of shares of Beck's common stock were outstanding is
200,000 shares in year 1
100,000 shares in year 2
Total Common Stock = 300,000
less: Treasury Stock of 75,000
Outstanding Stock = 225,000 shares
This example illustrates INSIGHT. A person is said to have an insight when a solution to a problem present itself to him or occur to him suddenly. Insight refers to the sudden discovery of a perfect solution after trying unsuccessfully to fix a problem.
Answer and Explanation:
The Journal entry is shown below:-
On November 2022
Cash Dr, $193,200 (6,900 × $28)
To Unearned Subscription Revenue $193,200
(Being the receipt of the subscriptions is recorded)
Therefore to record the receipt of the subscriptions we simply debited the cash as it increased the assets and we credited the unearned subscription revenues as increased the liability so that the correct posting could be done
A cartel is when a group of companies illegally work together and essentially create a monopoly in order to increase prices and their profits.
