Publisher Inc. has 600,000 shares of common stock authorized. In 2020, Publisher issued 425,000 shares. In 2021, Publisher reacquired 50,000 shares of its own stock.
Publisher Inc. has 600,000 shares of common stock authorized. In 2020, Publisher issued 425,000 shares. In 2021, Publisher reacquired 50,000 shares of its own stock. How many shares outstanding does Publisher Inc. have after the 2021 transaction?
None of these
475,000 shares
375,000 shares
550,000 shares
175,000 shares
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Authors: Shakir Al Ghalayini, Mohammed A. Keshta, Thabet M. Hassan
1st Edition
3656943052, 978-3656943051
