Determining number of shares outstanding

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Reference no: EM13141117

The charter of a corporation provides for the issuance of 109000 shares of common stock. Assume that 59000 shares were originally issued and 4700 were subsequently reacquired. What is the number of shares outstanding?

a.63700

b.59000

c.4700

d.54300

Reference no: EM13141117

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