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Johnson Company had 20,000 shares issued and outstanding on May 1. On May 10, 5,000 shares were issued for $25 per share. On May 20,

Johnson Company had 20,000 shares issued and outstanding on May 1. On May 10, 5,000 shares were issued for $25 per share. On May 20, 8,000 shares were purchased as treasury stock. On May 30, a 2 for 1 stock split is declared. How many shares are outstanding on May 31? A/

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