Determining the number of shares outstanding


The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 20,000 shares were originally issued and 2,500 were subsequently reacquired. What is the number of shares outstanding?

a. 22,500

b. 17,500

c. 20,000

d. 82,500

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Accounting Basics: Determining the number of shares outstanding
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