Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN: 9781337690881
Author: Jay Rich, Jeff Jones
Publisher: Cengage Learning
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The charter of a corporation provides for the issuance of 100.000 shares of common stock. Assume that 60,000 shares were originally
issued and 5,000 were subsequently reacquired. What is the number of shares outstanding?
a. 5,000.
b. 100.000.
c. 60,000.
d. 55.000.
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Transcribed Image Text:The charter of a corporation provides for the issuance of 100.000 shares of common stock. Assume that 60,000 shares were originally issued and 5,000 were subsequently reacquired. What is the number of shares outstanding? a. 5,000. b. 100.000. c. 60,000. d. 55.000.
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