Calculate the number of outstanding shares from information

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Reference no: EM132957135

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

80,000 Authorized Shares

30,000 Unissued Shares

5,000 Treasury Shares

Problem 1: Calculate the number of outstanding shares from the information given. Show your calculations and clearly identify your answer in order to earn full points.

Reference no: EM132957135

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