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Question - The charter of Tommy Toys Corporation specified a maximum of 25,000 shares of common stock. At the current date, 5,000 shares remain unissued, and 2,000 of the issued shares have been reacquired and are held by Tommy Toys Corporation.
Required -
How many shares were issued?
How many shares are outstanding?
How many shares are authorized?
How many shares are in treasury?
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