a. 12,900 b. 47,100 c. 114,000 d. 60,000

The charter of a corporation provides for the issuance of 114,000 shares of common stock. Assume that 60,000 shares were originally issued and 12,900 were subsequently reacquired. What is the number of shares outstanding? 12,900 47,100 114,000 60,000