The Following Data Is Available for BOX Corporation at December

The following data is available for BOX Corporation at December 31, 2017: $\begin{array}{lr}\text { Common stock, par \( \$ 10 \) (authorized 30,000 shares) }&\$270,000\\\text {Treasury stock (at cost \( \$ 15 \) per share) }&\$1,200\\\end{array}$
Based on the data, how many shares of common stock are outstanding?

A) 30,000.
B) 27,000.
C) 29,920.
D) 26,920.

Correct Answer:

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