ABC, Inc. Shareholders Equity
Paid-in capital:
Common stock, 500,000 shares at $1.00 par	$500,000
Paid-in capital in excess of par	600,000
Less: Treasury stock, 100,000 shares at cost	(100,000)
Total shareholders equity	$1,000,000

What are the number of shares issued (this is not asking about shares issued and outstanding)?

a. 400,000

b. 100,000

c. 500,000

d. This cannot be determined from the information given.

e. None of the other choices are correct.