A corporation has the following account balances: Common stock, $1 par value, $60,000; Paid-in Capital in Excess of Par, $1,300,000. Based on this information, the :. A. legal capital is $1,360,000.
B. number of shares issued are 60,000.
C. number of shares outstanding are 1,360,000.
D. average price per share issued is $22.50.

B. number of shares issued are 60,000.

Explanation:

The computation is shown below:

Since the value of the common stock is $60,000 and the par value is $1

So, the number of common shares issued is

= $60,000 ÷ $1

= 60,000

Hence, the number of shares issued is 60,000

Therefore, the option b is correct

The answer is below

Explanation:

The Four functions of management are:

1. Planning: this is the process of setting out a plan by the management team that involves the goals and the template or means to achieve those goals.

2. Organizing: this is a process of organizing the resources; both human and material resources, that are deemed essential to the realization of the set out plans or goals.

3. Leading: this is a process of ensuring all the team members work together to achieve the main goals or set out plans.

4. Controlling: this is a process that involves constant checking, evaluation, and monitoring activities to ensure the ongoing performance meets the actual plans and will eventually yield to the goal.