LaFarge North AmericaThe following information relates to this company's stockholders' equity accounts:
Common Stock, $7 par, 200,000 shares authorized$700,000
Paid-in Capital in Excess of Par--Common Stock160,000
Retained Earnings??
Treasury Stock, 2,000 shares at cost 15,000
Total Stockholders' Equity$975,000
Refer to LaFarge North America. How many shares of common stock are outstanding?
A. 68,000
B. 78,000
C. 98,000
D. 100,000
Answer: C
Business
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