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Question - Frazier Corporation shows a total of $650,000 in its Common Stock account and $2,400,000 in its Paid-in Capital Excess account. The par value of Frazier's common stock is $4. How many shares of Frazier stock have been issued?
a. 162,500.
b. 762,500.
c. 600,000.
d. It cannot be determined
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