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The corporate charter of Pharoah Corporation allows the issuance of a maximum of 4 , 1 4 0 , 0 0 0 shares of $
The corporate charter of Pharoah Corporation allows the issuance of a maximum of shares of $ par value common stock. During its first three years of operation, Pharoah issued shares at $ per share. It later acquired of these shares as treasury stock for $ per share.
Based on the above information, answer the following questions:
What is the balance of the Common Stock account?
Balance of the Common Stock account
$
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