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Diamond Corporation's corporate charter authorizes the company to sell 475,000,000 shares of $1, 80 par common stock. As of January 31, 2011, the company had

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Diamond Corporation's corporate charter authorizes the company to sell 475,000,000 shares of $1, 80 par common stock. As of January 31, 2011, the company had issued 180, 486,000 shares of common stock for an average price of $7 each. Diamond has 56, 250,000 shares of treasury stock. How many shares of common stock will be disclosed as authorized, issued, and outstanding on the January 31, 2011, balance sheet? How many shares of common stock will be disclosed as authorized, issued and outstanding on the January 31 2011 balance shoot? Authorized: issued: Outstanding

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