The Following Information Relates to the Number of Common Shares $80,000 \text { Authorized shares }\quad 30,000 \text { Unissued shares } \quad5,000 \text { Treasury shares }$

question 89

Essay

The following information relates to the number of common shares of the Telly Corporation:
$80,000 \text { Authorized shares }\quad 30,000 \text { Unissued shares } \quad5,000 \text { Treasury shares }$
Calculate the number of outstanding shares from the information given.Show your calculations.

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