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
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text: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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