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  3. the company's draft equity section reads, in part,

The company's DRAFT equity section reads, in part, as follows -...

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Accounting

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The company's DRAFT equity section reads, in part, as follows - Authorized shares - 100 million Issued shares - 90 million Outstanding shares - 80 million Treasury shares - 10 million You are reviewing the Balance Sheet prior to its publication. The Authorized shares amount has remained the same since the company was first formed. Does the above portrayal of the number of shares look Itgically correct to you? Yes No, because issued shares usually exceed authorized shares No, because outstanding shares usually exceed issued shares. No, because we need to know the actual dollar cost of the shares to draw a conclusion like this

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