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Shepherd Company’s Stockholder’s equity is as follows: Common Stock, $ 3 par           $15,119 Additional PIC                &nbsp

Shepherd Company’s Stockholder’s equity is as follows:

Common Stock, $ 3 par           $15,119

Additional PIC                              22,518

Treasury Stock, $ 7                 $ 1,970

How many treasury shares are owned by the company? Round to a whole number

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Answer #1

No. Of Treasury stock owned by the company = 1970 / 7

= 281 shares

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