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The charter of a corporation provides for the issuance of 113,000 shares of common stock....

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Accounting

The charter of a corporation provides for the issuance of 113,000 shares of common stock. Assume that 54,000 shares were originally issued and 7,000 were subsequently reacquired. What is the number of shares outstanding?

A. 61,000

B. 47,000

C. 54,000

D. 7,000

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