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Cartman's Cats Had a Total of 100,000 Shares of Common

Question 1

Multiple Choice

Cartman's Cats had a total of 100,000 shares of common stock issued. In February, they reacquired 20,000 shares and did not retire them. How many shares of outstanding stock do they currently have?


A) 100,000
B) 120,000
C) 20,000
D) 60,000
E) 80,000

Correct Answer:

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