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Consider the following equity section of a balance sheet for a corporation How many shares of common stock are in the treasury? What did the

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Consider the following equity section of a balance sheet for a corporation How many shares of common stock are in the treasury? What did the corporation pay for the treasury stock? $280000 Common stock, 800000 shares authorized, 20000 shares issued, 19000 shares outstanding, $14 par value. Contributed capital in excess of par value, Common Stock $1960000 Retained Earnings $226000 Treasury Stock $(56000) Total Stockholders Equity $2410000

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