The stated value of its common stock is 050 and the total


Question - Walton corporation shows the following in the stockholders equity section of its balance sheet: the stated value of its common stock is $0.50 and the total balance in the common stock account is $37,500. Also noted is the 5,000 shares are currently designated as treasury stock. The number of shares outstanding is?

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Accounting Basics: The stated value of its common stock is 050 and the total
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