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Common stock, $1 par, 100,000 shares authorized, Additional paid-in capital Retained earnings Treasury stock (1,000 shares at cost) Total shareholders' equity shares issued $40,000 160,000
Common stock, $1 par, 100,000 shares authorized, Additional paid-in capital Retained earnings Treasury stock (1,000 shares at cost) Total shareholders' equity shares issued $40,000 160,000 100,000 (6,000) $294,000 How many shares of common stock are outstanding? (6 points)
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