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The charter of a corporation provides for the issuance of 138,000 shares of common stock. Assume that 62,000 shares were originally issued and 11,800 were

The charter of a corporation provides for the issuance of 138,000 shares of common stock. Assume that 62,000 shares were originally issued and 11,800 were subsequently reacquired. What is the number of shares outstanding?

a.138,000

b.62,000

c.50,200

d.11,800

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