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Question 6 O pts Company A began operations two (2) years ago on January 1st. The Company has never issued dividends before, although they have

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Question 6 O pts Company A began operations two (2) years ago on January 1st. The Company has never issued dividends before, although they have had sufficient earnings to do so. The company is authorized to issue 200,000 shares of $5 par value common stock and 100,000 shares of 5%, $70 par value cumulative preferred stock. As of December 31, 2019, before dividends were issued, the company had 150,000 shares of common stock issued and 100,000 shares outstanding. They also had issued and outstanding 75,000 shares of preferred stock. If the company repurchased 25.000 .common shares for the treasury on December 31, 2019 ata price of $15: How many shares of common stock will be outstanding after the transaction? O 75,000 100,000 125,000 150,000

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