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Burton Inc. has two classes of stock, 10% $100 par cumulative Preferred Shares and $4 par Common Shares. The equity section shows: Common stock,
Burton Inc. has two classes of stock, 10% $100 par cumulative Preferred Shares and $4 par Common Shares. The equity section shows: Common stock, $4 par value, 1,000,000 shares authorized and shares issued.................$675,000 Paid in capital in excess of par value........... How many shares of common are issued? Respond rounded to whole dollars, without a dollar sign and without commas. $55,000
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