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The charter of a corporation provides for the issuance of 112,000 shares of common stock. Assume that 54,000 shares were originally issued and 13,500 were subsequently reacquired. What is the number of shares outstanding

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abiolataiwo2015

Answer:

40,500 shares

Explanation:

Calculation for the number of shares outstanding

Using this formula

Number of shares outstanding=Originally issued -Reacquired shares

Let plug in the formula

Number of shares outstanding=54,000 shares-13,500 shares

Number of shares outstanding=40,500 shares

Therefore the number of shares outstanding will be 40,500 shares

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