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The following information pertains to JAE Corp. at January 1, 2018:
Common stock, $12 par, 15,000 shares authorized, 3,000 shares issued and outstanding $36,000
Paid-in capital in excess of par, common stock 15,800
Retained earnings 55,000
JAE Corp. completed the following transactions during 2018:
Required:
Problem 1: How many shares of common stock were outstanding at the end of the period?
Problem 2: How many shares of common stock had been issued at the end of the period?
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