Landmark company this company reported the following information in the stockholders' equity section of its december 31, 2019 balance sheet: 7% cumulative, non-participating preferred stock, $100 par, 500 shares authorized, issued, and outstanding, callable at par value $ 50,000 common stock, $12 par, 100,000 shares authorized 600,000 paid-in capital in excess of par--common stock 25,000 retained earnings 825,000 refer to landmark company. what is the number of shares of common stock issued and outstanding? a. 5,000 b. 6,000 c. 50,000 d. 100,000

option (c) 50,000

Explanation:

Number of shares of common stock issued and outstanding

= ( Price for Common Stock Authorized ) ÷ ( Market price of common stock per share )

given in the question:

Price for Common Stock Authorized =  $600,000

Market price of common stock per share = $12

Therefore,

Number of shares of common stock issued and outstanding

=  $600,000 ÷ $12

= 50,000

Hence,

the correct answer is option (c) 50,000

rational decision making is a multi-step process for making choices between alternatives. the process of rational decision making favors logic, objectivity, and analysis over subjectivity and insight. the word “rational” in this context does not mean sane or clear-headed as it does in the colloquial sense.

hope this

i'm pretty sure the answer is 60.