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Assume that on January 1 ABC company has 10,000,000 shares authorized and 1,000,000 shares of common stock issued and outstanding. During the year, further assume
Assume that on January 1 ABC company has 10,000,000 shares authorized and 1,000,000 shares of common stock issued and outstanding. During the year, further assume that the company purchases 100,000 of treasury stock. Based on this information and assuming no other common stock transactions how many shares outstanding remain at year end? O 1,000,000 O 10,000,000 O 900,000 O 10,900,000
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