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Below is some select information from a company's balance sheet. Common Stock (75,000 shares authorized), $20 par $810,000 Paid-in Capital in Excess of Par -
Below is some select information from a company's balance sheet. | ||||||
Common Stock (75,000 shares authorized), $20 par | $810,000 | |||||
Paid-in Capital in Excess of Par - Common Stock | 280,000 | |||||
Treasury Stock (2,400 shares) | 56,000 | |||||
Paid-in Capital from Sale of Treasury Stock | 37,000 | |||||
Retained Earnings | 67,500 | |||||
How many shares of common stock are outstanding based on the information above? |
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