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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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  1. 26 October, 22:42
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    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
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