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The Torre Company has the following stockholders' equity account balances in stockholders equity on December 31. Common Stock $5 par, 500,000 shares authorized $360,000 Paid-In
The Torre Company has the following stockholders' equity account balances in stockholders equity on December 31.
Common Stock $5 par, 500,000 shares authorized | $360,000 |
Paid-In Capital in Excess of ParCommon Stock | 650,000 |
Preferred Stock $100 par, 100,000 shares authorized | 510,000 |
Paid-In Capital in Excess of ParPreferred | 130,000 |
Retained Earnings | 280,000 |
Treasury Stock (cost $10 per share) | 150,000 |
How many shares of common stock are outstanding?
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