QUESTION 22 1 points Save A The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 60,000 shares were originally issued and 10,000 were subsequently reacquired. What is the number of shares outstanding? A. 40,000 B. 70,000 C. 50,000 D. 60,000 QUESTION 4 When a corporation issues stock at a premium, it reports the premium as an other income item on the income statement. A. True B. False