The shareholders' equity section of Max Inc. provides information as follows: $75,500 480,000 Stockholders' equity Commo

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The Shareholders Equity Section Of Max Inc Provides Information As Follows 75 500 480 000 Stockholders Equity Commo 1 (64.42 KiB) Viewed 54 times

The shareholders' equity section of Max Inc. provides information as follows: $75,500 480,000 Stockholders' equity Common stock, $1 par. 250,000 shares authorized. 75,500 shares issued, 72,000 shares outstanding Paid-in capital in excess of par-Common stock Retained earnings Accumulated other comprehensive income Less: Treasury stock, 3,500 shares at cost Total equity attributable to Nakoma Inc. stockholders Equity attributable to noncontrolling interests Total stockholders' equity 360.000 48,000 (55,000) $908,500 5,000 $913,500 . During 2020. Max Inc. has the following transactions: On Feburary 28, 2020, Max Inc. declared and issued a 2-for-1 stock split effected in form of a 100% large stock dividend • On May 20, 2020, Max Inc. reacquired and retired 1,000 shares of common stock at $17.25 per share. • On November 3, 2020, Max Inc. sold 500 treasury shares at $17 per share, • On December 15, 2020, Max Inc. retired 400 treasury shares. Required: Given the transactions above, on December 31, 2020, 1. The number of authorized shares is shares 2. The number of issued shares is shares 3. The number of outstanding shares is shares. 4. The number of treasury shares is shares