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Determine what the number of outstanding shares is

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Problem 1: Balmor Corporation's balance sheet showed the following data about its $0.01 par value common stock: authorized shares = 15 million; unissued shares = 10 million; treasury shares = 1 million. The number of outstanding shares is:

Option 1: 5 million outstanding shares

Option 2: 2 million outstanding shares

Option 3: 3 million outstanding shares

Option 4: 4 million outstanding shares

Reference no: EM132684726

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