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1 (of 7) E11-1 Computing Shares Outstanding [LO 11-1 The 2013 annual report for Golden...

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Accounting

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1 (of 7) E11-1 Computing Shares Outstanding [LO 11-1 The 2013 annual report for Golden Grains disclosed that 1 bilion shares of common stock have been authorized. At the end of 2012, 830 million shares had been issued and the number of shares in treasury stock was 115 million. During 2013, the only common share transactions were that 19 million common shares were reissued from treasury and 34 million common shares were purchased and held as treasury stock Required Determine the number of common shares (a) issued, (b) in treasury, and (c) outstanding at the end of 2013 (Enter your answers in millions.) Nu Common Shares (in millions) b) Treasury Stock

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