Multiple Choice
Montana Company was authorized to issue 200,000 shares of common stock.The company had issued 50,000 shares of stock when it purchased 10,000 shares of treasury stock.After the purchase of treasury stock,the number of outstanding shares of common stock was which of the following?
A) 190,000
B) 60,000
C) 40,000
D) 50,000
Correct Answer:
Verified
Correct Answer:
Verified
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