The following information pertains to JAE Corp. at January 1, Year 1 : JAE Corp...
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The following information pertains to JAE Corp. at January 1, Year 1 : JAE Corp completed the following transactions during Year 1 . 1. Issued 1,050 shares of $11 par common stock for $30 per share. 2. Repurchased 210 shares of its own common stock for $27 per share. 3. Resold 50 shares of treasury stock for $28 per share. Required a. How many shares of common stock were outstanding at the end of the period? b. How many shares of common stock had been issued at the end of the petiod? "No journel entry required" in the first account fleld.)
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