The charter of a corporation (articles of incorporation) provides for the issuance of 100,000 shares of common stock. Assume that 60,000 shares were originally issued and 5,000 were subsequently reacquired. What is the number of shares outstanding? O 5,000 55,000 O60,000 100,000

The charter of a corporation (articles of incorporation) provides for the issuance of 100,000 shares of common stock. Assume that 60,000 shares were originally issued and 5,000 were subsequently reacquired. What is the number of shares outstanding? O 5,000 55,000 O60,000 100,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Please help me answer this ty

The charter of a corporation (articles of incorporation) provides for the issuance
of 100,000 shares of common stock. Assume that 60.000 shares were originally
issued and 5,000 were subsequently reacqutred What Is the number of shares
outstanding?
5,000
55,000
60,000
100,000

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