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28 July, 03:03

The following data is available for Box Corporation: Common stock, par $10 (authorized 30,000 shares) $250,000 Treasury stock (at cost $15 per share) $1,200 Based on the data, how many shares of common stock are outstanding?

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  1. 28 July, 04:33
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    The shares of common stock are outstanding are 24,920 shares.

    Explanation:

    Outstanding shares

    = Shares issued - Shares held as Treasury Stock shares

    = $250000/$10 par - $1200/$15

    = 25000 shares - 80 shares

    = 24,920 shares

    Therefore, The shares of common stock are outstanding are 24,920 shares.
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