Anthem company has 100,000 shares authorized, 93,600 shares issued, and 21,800 shares of treasury stock. determine the number of shares outstanding.
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Following are the issuances of stock transactions.
1. A corporation issued 7,000 shares of $5 par value common stock for $42,000 cash.
2. A corporation issued 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $49,500. The stock has a $1 per share stated value.
3. A corporation issued 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $49,500. The stock has no stated value.
4. A corporation issued 1,750 shares of $25 par value preferred stock for $93,250 cash.