The first year of operation for the sommerville corporation, Ask an Expert

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The first year of operation for the Sommerville Corporation was 2007. They authorized 5,000,000 shares of $2 par common stock and sold a total of 1,500,000 shares to stockholders. In 2012, Sommerville, Corporation repurchased 25,000 shares. How many shares are outstanding?

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Accounting Basics, Accounting

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