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Assume the following information for K Corp: Common Stock, $1.00 par, 218,000 shares issued, 195,000 shares outstanding Paid In Capital in Excess of Par Common:
Assume the following information for K Corp:
PaidIn
Capital in Excess of ParCommon:
$1,660,000 Western Sales purchases an additional 16,000 shares of treasury stock at $21 per share.
1. What number of shares will be shown as issued?
2. What number of shares will be shown as outstanding?
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