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A company has the following stockholders' equity accounts at December 31, 2020.                  Common Stock ($40 par value, authorized 8,000 shares)                     $23,000                  Additional Paid-in Capital (or Paid-in Capital in Excess of Par) – c/s       61,000                  Retained Earnings                                                                                    238,000 How many common shares were issued?

A company has the following stockholders' equity accounts at December 31, 2020.                  Common Stock ($40 par value, authorized 8,000 shares)                     $23,000                  Additional Paid-in Capital (or Paid-in Capital in Excess of Par) – c/s       61,000                  Retained Earnings                                                                                    238,000 How many common shares were issued?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A company has the following stockholders' equity accounts at December 31, 2020.

                 Common Stock ($40 par value, authorized 8,000 shares)                     $23,000

                 Additional Paid-in Capital (or Paid-in Capital in Excess of Par) – c/s       61,000

                 Retained Earnings                                                                                    238,000

How many common shares were issued?

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