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03.12.2021 • 
Business

The following information pertains to JAE Corp. at January 1, Year 1: Common stock, $10 par, 12,000 shares authorized, 2,400 shares issued and outstanding $ 24,000 Paid-in capital in excess of par, common stock 16,400 Retained earnings 60,500 JAE Corp. completed the following transactions during Year 1: Issued 750 shares of $10 par common stock for $26 per share. Repurchased 200 shares of its own common stock for $23 per share. Resold 50 shares of treasury stock for $24 per share. Required a. How many shares of common stock were outstanding at the end of the period

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