The charter of a corporation provides for the issuance


The charter of a corporation provides for the issuance of100,000 shares of common stock. Assume that 40,000 shares wereoriginally issued and 5,000 were subsequently reacquired. What is the number of shares outstanding?

a. 5,000
b. 35,000
c. 45,000
d. 55,000

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Accounting Basics: The charter of a corporation provides for the issuance
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