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A corporate charter specifies that the company may sell up to 20 million shares of...

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Accounting

A corporate charter specifies that the company may sell up to 20 million shares of stock. The company sells 12 million shares to investors and later buys back 3 million shares. The current number of outstanding shares after these transactions have been accounted for is: A. 10 million shares B. 9 million shares C. 20 million shares D. 8 million shares

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