The charter of a corporation provides for the issuance of 139,000 shares of common stock. Assume that 54,000 shares were originally issued and 13,700 were subsequently reacquired. What is the number of shares outstanding? a. 139,000 b. 54,000 c. 40,300 d. 13,700
The charter of a corporation provides for the issuance of 139,000 shares of common stock. Assume that 54,000 shares were originally issued and 13,700 were subsequently reacquired. What is the number of shares outstanding? a. 139,000 b. 54,000 c. 40,300 d. 13,700
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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![The charter of a corporation provides for the issuance of 139,000 shares of
common stock. Assume that 54,000 shares were originally issued and 13,700 were
subsequently reacquired. What is the number of shares outstanding?
a. 139,000
b. 54,000
c. 40,300
d. 13,700](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2549f1ae-ee5f-4dad-818c-f0f9aea1b86b%2Fe05024e5-a59d-4617-9a84-c5c992b0f1fd%2Fgzjhhu_processed.png&w=3840&q=75)
Transcribed Image Text:The charter of a corporation provides for the issuance of 139,000 shares of
common stock. Assume that 54,000 shares were originally issued and 13,700 were
subsequently reacquired. What is the number of shares outstanding?
a. 139,000
b. 54,000
c. 40,300
d. 13,700
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