Use the information below to answer the following question(s): Common stock, $1 par, 100,000 shares...
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Accounting
Use the information below to answer the following question(s):
Common stock, $1 par, 100,000 shares
authorized, ___________ shares issued $ 40,000
Additional paid-in capital 160,000
Retained earnings 100,000
Treasury stock (1,000 shares at cost) ( 6,000)
Total shareholders equity $294,000
How many shares of common stock have been issued?
a. 100,000 shares
b. 40,000 shares
c. 1,000 shares
d. 39,000 shares
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