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M11-3 Computing the Number of Unissued Shares [LO 11-1] The balance sheet for Crutcher Corporation reported 270,000 shares outstanding, 370,000 shares authorized, and 27,000 shares

M11-3 Computing the Number of Unissued Shares [LO 11-1]

The balance sheet for Crutcher Corporation reported 270,000 shares outstanding, 370,000 shares authorized, and 27,000 shares in treasury stock. Compute the maximum number of new shares that Crutcher could issue.

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