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Joy Company was authorized to issue common stock of 100,000 shares with P50 par value on January 1, 2014. Eighty thousand shares were sold during
Joy Company was authorized to issue common stock of 100,000 shares with P50 par value on January 1, 2014. Eighty thousand shares were sold during the first year at P50 per share and 4,000 shares were alter reacquired as treasury at P65 per share. A stock split of 5-for-1 was approved on December 31, 2014. On January 31, 2015, a 10\% stock dividend was paid and on March 1, 2015, the treasury stock was reissued at P68 per share. How many shares were outstanding on March 1, 2015
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