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Kress Products' corporate charter authorized the firm to sell 800,000 shares of $10 par common stock. At the beginning of 2019, Kress sold 262,000 shares
Kress Products' corporate charter authorized the firm to sell 800,000 shares of $10 par common stock. At the beginning of 2019, Kress sold 262,000 shares and reacquired 1,650 of those shares. The reacquired shares were held as treasury stock. During 2019, Kress sold an additional 16,300 shares and purchased 3,100 more treasury shares. (I NEED HELP FINDING THE # OF OUTSTANDING SHARES.)
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Required: Determine the number of issued and outstanding shares at December 31, 2019 278,300shares Issued shares Outstanding shares 4,750 X sharesStep by Step Solution
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