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How many shares of common stock are outstanding

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Reference no: EM133206172

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

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

 $300,000

 Paid-In Capital in Excess of Par-Common Stock

700,000

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

550,000

 Paid-In Capital in Excess of Par-Preferred

 130,000

 Retained Earnings 

 280,000

 Treasury Stock (cost - $10 per share)  

130,000

How many shares of common stock are outstanding?

Reference no: EM133206172

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