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6 The charter of a corporation provides for the issuance of 115,000 shares of common stock. Assume that 54,000 shares were originally issued and 11,800

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The charter of a corporation provides for the issuance of 115,000 shares of common stock. Assume that 54,000 shares were originally issued and 11,800 were subsequently reacquired. What is the number of shares outstanding? 42,200 11,800 115,000 54,000

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