Final answer:
The BOX Corporation has 27,000 shares of common stock issued, calculated by dividing the total common stock value by the par value per share.
Step-by-step explanation:
The question regards the calculation of issued shares for the BOX Corporation. With the common stock valued at $270,000 and a par value of $10 per share, we can find the number of issued shares by dividing the total common stock value by the par value of each share ($270,000 / $10), resulting in 27,000 shares issued. Treasury stock is not included in the issued shares total since it represents shares repurchased by the company and not currently available to investors.
Therefore, the correct answer to the question 'how many shares of common stock are issued?' is option B: 27,000.
Issued shares represent the total number of shares a company has distributed to shareholders. To calculate issued shares, add the number of outstanding shares (held by investors) and the number of treasury shares (repurchased by the company). This provides the total quantity of shares in circulation. The formula is: Issued Shares = Outstanding Shares + Treasury Shares. The figure is crucial for financial metrics like earnings per share (EPS) and determines voting rights in corporate decisions for shareholders.