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8) Cotton Company has 14,000 shares issued of $2 par common stock. The company currently has 4,000 shares at a total cost of $8,000 as

8) Cotton Company has 14,000 shares issued of $2 par common stock. The company currently has 4,000 shares at a total cost of $8,000 as treasury stock. If the company buys another 4,000 shares of treasury stock at $8 per share, then stock outstanding would be ________. 8) ______ A) 14,000 shares B) 8,000 shares C) 6,000 shares D) 10,000 shares

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