Multiple Choice
The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 45,000 shares were originally issued and 5,000 were subsequently reacquired. What is the number of shares outstanding?
A) 5,000
B) 45,000
C) 40,000
D) 50,000
Correct Answer:
Verified
Correct Answer:
Verified
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