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How many shares of common stock are outstanding

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Reference no: EM133033864

Problem - The Torre Company has the following stockholders' equity account balances in stockholders equity on December 31.

Common Stock - $5 par, 500,000 shares authorized $330,000

Paid-In Capital in Excess of Par-Common Stock 680,000

Preferred Stock - $100 par, 100,000 shares authorized 560,000

Paid-In Capital in Excess of Par-Preferred 140,000

Retained Earnings 280,000

Treasury Stock (cost - $10 per share) 160,000

Required - How many shares of common stock are outstanding?

Reference no: EM133033864

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