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10 November, 00:16

The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 60,000 shares were originally issued and 10,000 were subsequently reacquired. What is the number of shares outstanding?

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  1. 10 November, 03:37
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    Answer: 50.000

    Explanation:

    Outstanding shares is the total number of shares that have been authorised, issued, acquired by shareholders and have not been reacquired by the company.

    The total number of shares the company can sell is 100,000.

    The total number of shares acquired is 60,000

    The total number of shares reacquired is 10,000

    The total number of outstanding shares = 60,000 - 10,000 = 50,000

    Share issuance is a way through which corporations raise capital.

    People who acquire shares in a company are known as the owners of the company.
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