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Guest Corporation issued 85,000 shares of $1.80 par value common stock. Later that year, Guest...

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Accounting

Guest Corporation issued 85,000 shares of $1.80 par value common stock. Later that year, Guest purchased 6,000 shares of its own common stock. Two months later, it reissued 1,500 shares. How
many shares are issued and outstanding?
A.85,000 issued and 80,500 outstanding
B.91,000 issued and 89,500 outstanding
C.86,500 issued and 80,500 outstanding
D.85,000 issued and 85,000 outstanding
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