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The corporate charter of Xy Corporation allows the issuance of a maximum of 5.000.000 shares of $5 par value common stock. During its first four

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The corporate charter of Xy Corporation allows the issuance of a maximum of 5.000.000 shares of $5 par value common stock. During its first four years of operation XY issued 3.080.000 shares at $18 per share. It later acquired 90,000 of these shares as treasury stock for $35 per share. How many shares were authorized (0),(6,007 : 60OO000

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