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The Statement of Financial Position of Warner Company Showed the Following

Question 10

Multiple Choice

The statement of financial position of Warner Company showed the following data about its common shares: authorized shares, 100,000; outstanding shares, 55,000; and issued shares 60,000. What was the number of treasury shares?


A) 5,000
B) 30,000
C) 40,000
D) 45,000

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