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Bloom Corporation issued 80,000 shares of common stock. Bloom purchased 8,000 shares and later reissued...

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Accounting

Bloom Corporation issued 80,000 shares of common stock. Bloom purchased 8,000 shares and later reissued 800 shares. How many shares are issued and outstanding?
A.72,000 issued and 72,000 outstanding
B.72,800 issued and 72,800 outstanding
C.80,000 issued and 72,000 outstanding
D.80,000 issued and 72,800 outstanding
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