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How many shares are authorized at the end

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Question - Hunter Corporation is authorized to issue 2,000,000, common shares. During its first three years of operation, Hunter issued 1,200,000 shares at $15 per share. In 2013, Hunter issued an additional 5,000 shares in return for equipment with a fair value of $75,000. The market price of the shares was $16 at the time of the sale. How many shares are authorized at the end of 2013?

Reference no: EM132535784

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