Sock Market's corporate charter allows it to issue 9,000,000 shares of common stock. In its...
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Accounting
Sock Market's corporate charter allows it to issue 9,000,000 shares of common stock. In its first year of business, Sock Market sold 700,000 shares of common stock in January, Year 1. Sock Market bought back 5,000 shares of its stock during December, Year 1. At December 31, Year 1, how many shares of common stock are outstanding?
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