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38 CFAS Company was incorporated at the beginning of current year: Jan. 2 Number of shares authorized 80,000 Feb. 1 Number of shares issued 50,000

38 CFAS Company was incorporated at the beginning of current year: Jan. 2 Number of shares authorized 80,000 Feb. 1 Number of shares issued 50,000 July 1 Number of shares reacquired but not canceled 5,000 Dec 1 Two for one share split What is the number of shares outstanding at year - end

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