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Required information E 1 1 - 2 ( Algo ) Computing Number of Shares L 0 1 1 - 1 , 1 1 - 3

Required information
E11-2(Algo) Computing Number of Shares L011-1,11-3
[The following information applies to the questions displayed below.]
The charter of Vista West Corporation specifies that it is authorized to issue 209,000 shares of common stock. Since the
company was incorporated, it has sold a total of 157,000 shares (at $16 per share) to the public. It has bought back a total
of 11,000. The par value of the stock is $6. When the stock was bought back from the public, the market price was $23.
E11-2 Part 3
Determine the outstanding shares.
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