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Starting 2020, a company has authorized shares of 100,000,000; issued shares of 2,500,000; and outstanding shares of 2,000,000 of its $1 par value common stock..
Starting 2020, a company has authorized shares of 100,000,000; issued shares of 2,500,000; and outstanding shares of 2,000,000 of its $1 par value common stock.. On 2/1 the company buys back 40,000 of its shares. On 5/1, the company does a 2/1 stock split.and on 9/1, the company sells 30,000 of the shares it purchased in February. They make no more stock transactions the rest of the year. Calculate the number of outstanding shares the company will have to start 2021.
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