A corporation has issued 50,000,000 shares of common stock at $2 par. The corporation has 10,000,000 shares of Treasury Stock on its books. The aggregate value of the outstanding shares is:

A. $20,000,000
B. $40,000,000
C. $80,000,000
D. $100,000,000

C. $80,000,000

Explanation:

The issued shares are those which are held by the shareholder of the company and Treasury shares and those share which are bought back by the company. So it is not reported in the outstanding shares. Outstanding share are the net of issued share and Treasury share.

Issued Share = 50,000,000 shares

Treasury shares = 10,000,000 shares

Outstanding shares = 50,000,000 - 10,000,000 = 40,000,000

Stock par value = $2

Value of outstanding shares = 40,000,000 shares x $2 = $80,000,000

answer; engaging in effective public relations;

urban company reports the following information regarding its production cost: units produced 37,000 units direct labor $ 30 per unit direct materials $ 35 per unit variable overhead $ 237,000 in total fixed overhead $ 127,000 in total