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How many ordinary shares were outstanding

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Problem : Lovelyn Company issued 200,000 ordinary shares when it began operations in 2010 and issued an additional 100,000 shares in 2011. Lovelyn also issued 100,000 preference shares. In 2011, Lovelyn purchased 75,000 ordinary shares to be held in treasury.

Question 1: On December 31, 2011, how many ordinary shares were outstanding?

Reference no: EM132466962

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