Answered: What is the number of shares…

Business

Accounting

What is the number of shares outstanding?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The charter of a corporation provides for the issuance of 149,000 shares of common stock. Assume that 51,000 shares were originally issued and 10,600 were subsequently reacquired. What is the number of shares outstanding?

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