Bloom Corporation issued 60,000 shares of common stock. Bloom purchased 9,000 shares and later reissued 900 shares. How many shares are issued and outstanding? A. 60,000 issued and 51,900 outstanding B. 51,900 issued and 51,900 outstanding C. 60,000 issued and 51,000 outstanding D. 51,000 issued and 51,000 outstanding

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Business

Kaia Hernandez

26 October, 19:07

Bloom Corporation issued 60,000 shares of common stock. Bloom purchased 9,000 shares and later reissued 900 shares. How many shares are issued and outstanding? A. 60,000 issued and 51,900 outstanding B. 51,900 issued and 51,900 outstanding C. 60,000 issued and 51,000 outstanding D. 51,000 issued and 51,000 outstanding

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Issac Rivers · Answer 1

A. 60,000 issued and 51,900 outstanding

Explanation:

Bloom Corporation

Issued 60,000 shares of common stock - purchased 9,000 shares

=51,000 shares

Hence:

51,000 shares + Reissued 900 shares

=51,900 Outstanding

Therefore Bloom Corporation will issued

60,000 issued and 51,900 outstanding