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Find what is the number of shares outstanding

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Reference no: EM132985679

Problem 1: The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 40,000 shares were originally issued and 10,000 were subsequently reacquired. What is the number of shares outstanding?

a. 10,000

b. 40,000

c. 50,000

d. 30,000

Reference no: EM132985679

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