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Dali company has 15,000 shares of stock authorized at January 1. Dali issues 4,500 shares to the stockholders during the year and then the company

Dali company has 15,000 shares of stock authorized at January 1. Dali issues 4,500 shares to the stockholders during the year and then the company repurchases 1500 shares as treasury stock. Based on this information, how many shares are outstanding at December 31?

a.)4500 b.)15,000 c.)3000 d.)18000

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