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How many shares of common stock are outstanding

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

Common Stock - $5 par, 500,000 shares authorized $350,000

Paid-In Capital in Excess of Par-Common Stock 640,000

Preferred Stock - $100 par, 100,000 shares authorized 530,000

Paid-In Capital in Excess of Par-Preferred 120,000

Retained Earnings 270,000

Treasury Stock (cost - $10 per share) 130,000

How many shares of common stock are outstanding?

Reference no: EM133058214

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