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?