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The following information relates to the number of common shares of Highland Publications Corporation: 80,000 Authorized Shares 30,000 Unissued Shares 5,000 Treasury Shares Calculate the

The following information relates to the number of common shares of Highland Publications Corporation:

80,000 Authorized Shares 30,000 Unissued Shares 5,000 Treasury Shares

Calculate the number of outstanding shares from the information given. Show your calculations and clearly identify your answer in order to earn full points.

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