How many shares are issued and outstanding

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Question - Bloom Corporation issued 20,000 shares of common stock. Bloom purchased 5,000 shares and later reissued 1,000 shares. How many shares are issued and outstanding?

A. 16,000 issued and 16,000 outstanding.

B. 20,000 issued and 16,000 outstanding.

C. 20,000 issued and 15,000 outstanding.

D. 15,000 issued and 15,000 outstanding.

Reference no: EM132193317

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