Flagler Corporation shows a total of $660,000 in its Common Stock account and $1,600,000 in its Paid-in Capital Excess account. The par value of Flagler's common stock is $8. How many shares of Flagler stock have been issued?
A. 82,500
B. 200,000
C. 117,500
D. The number of shares cannot be determined using the information provided.
Answer: A
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