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Calculator The charter of a corporation provides for the issuance of 100,000 shares of common stock....


Calculator The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 40,000 shares were originally issued and 10.000 were subsequently reacquired.

What is the number of shares outstanding? 

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Answer #1

Answer is 30,000

Number of shares originally issued = 40,000
Number of shares reacquired = 10,000

Number of shares outstanding = Number of shares originally issued - Number of shares reacquired
Number of shares outstanding = 40,000 - 10,000
Number of shares outstanding = 30,000

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