The balance sheet amount for common stock is the amount for the number of shares of stock
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The balance sheet amount for common stock is the amount for the number of shares of stock outstanding.
Adatto Company has authorized 100,000 shares of stock. It has issued 60,000 shares, for which it received the stated value of $10 per share. As of December 31, 2011, it has bought back 10,000 shares, paying $10 per share. These shares are its treasury stock. The balance sheet amount for common stock is $ .
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