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How many shares are issued and outstanding

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problem 1: Gaston Corporation issued 55.000 shares of $2.00 par value common stock. Later that year. Gaston purchased 8,000 shares of its own common stock. Two months later. it reissued 3.000 shares. How many shares are issued and outstanding?

A. 58,000 issued and 50,000 outstanding

B. 55,000 issued and 50,000 outstanding

C. 63,000 issued and 60,000 outstanding

D. 55,000 issued and 55,000 outstanding

Reference no: EM132783214

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