Determine the number of shares outstanding

Reference no: EM13259325

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

Reference no: EM13259325

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