How many shares does Lopez company have

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Question - Lopez company had the following shares at the beginning of February: 900,000 authorized; 400,000 issues; 400,000 outstanding.

In February, Lopez company sold 70,000 new shares of common stock for $5 a share. In March, Lopez company repurchased 3,000 shares of stock for $4 a share. How many shares does Lopez company have outstanding at the end of March.

Reference no: EM133123270

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