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The charter of a corporation provides for the issuance of 103,000 shares of common stock....

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Accounting

The charter of a corporation provides for the issuance of 103,000 shares of common stock. Assume that 45,000 shares were originally issued and 4,800 were subsequently reacquired. What is the number of shares outstanding?

Select the correct answer.

40,200

4,800

45,000

49,800

Answer & Explanation Solved by verified expert
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