At the date of the financial statements, common stock shares issued would exceed common stock shares outstanding as a result of the

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When a company purchases treasury stock (i.e. its own shares), those shares are still considered issued but are no longer outstanding. As a result, the number of issued shares would exceed the number of outstanding shares. The declaration of a stock split or stock dividend would increase the number of both issued and outstanding shares, while the payment in full of subscribed stock would have no effect on the number of issued or outstanding shares.

At the Date of the Financial Statements, Common Stock Shares