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Question - The stockholders' equity section of a balance sheet at December 31, 2015 is provided below:
Common stock, $0.50 par value $10,000
Paid-in capital in excess of par--common stock 40,000
Total capital stock 50,000
Retained earnings 25,000
Less: Treasury stock (at cost, $20 per share) < 2,000>
Total Stockholders' Equity $73,000
How many shares of stock are issued?
18,000
19,800
20,000
20,200
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