How many shares are authorized issued and outstanding, Financial Accounting

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How many shares are authorized issued and outstanding

Problem

The corporate charter of Waterway Corporation allows the issuance of a maximum of 100,000 shares of common stock. During its ?rst two years of operations, Waterway sold 63,700 shares to shareholders and reacquired 6,370 of these shares. After these transactions, how many shares are authorized, issued, and outstanding?

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Financial Accounting: How many shares are authorized issued and outstanding

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