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Shown below is information relating to the stockholders' equity of Brookdale Corporation at December 31, 2018:
11% cumulative preferred stock, $130 par, 100,000 shares
authorized, 10,000 shares issued |
$ | 1,300,000 | |
Common stock, $1.25 par, 1,000,000 shares authorized, 600,000
shares issued (of which 6,000 are held in treasury) |
750,000 | ||
Additional paid-in capital: preferred stock | 500,000 | ||
Additional paid-in capital: common stock | 900,000 | ||
Additional paid-in capital: treasury stock transactions | 6,000 | ||
Treasury stock (at cost: 6,000 common shares) | (192,000 | ) | |
Retained earnings | 1,350,000 | ||
How many shares of common stock are outstanding?
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