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Answer Question 23 (3 points) The Torre Company has the following stockholders' equity account balances in stockholders equity on December 31. Common Stock - $5
Answer Question 23 (3 points) The Torre Company has the following stockholders' equity account balances in stockholders equity on December 31. Common Stock - $5 par, 500,000 shares authorized $360,000 Paid-In Capital in Excess of ParCommon Stock 600,000 Preferred Stock - $100 par, 100,000 shares authorized 520,000 Paid-In Capital in Excess of ParPreferred 120,000 Retained Earnings 220,000 Treasury Stock (cost-$10 per share) 130,000 How many shares of common stock are outstanding? Your
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