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If a company has 300,000 shares of common stock authorized, and has 250,000 shares issued, and holds 10,000 shares of common stock as treasury stock,

If a company has 300,000 shares of common stock authorized, and has 250,000 shares issued, and holds 10,000 shares of common stock as treasury stock, the general ledger account for common stock, $1 par value would have a balance of: a. $290,000 b. $250,000 c. $240,000 d. $50,000

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