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The following data is available for a certain corporation at December 31: Common stock, par $2 (authorized 300,000 shares), $ 250,000 Treasury stock (at cost

The following data is available for a certain corporation at December 31: Common stock, par $2 (authorized 300,000 shares), $ 250,000 Treasury stock (at cost $10 per share), $1,200 Based on the data, how many shares of common stock are outstanding?

Possible Answers:

124,880

125,000

149,880

300,000

298,880

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