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The charter of a corporation provides for the issuance of 1 1 4 , 0 0 0 shares of common stock. Assume that 5 2

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The charter of a corporation provides for the issuance of 114,000 shares of common stock. Assume that 52,000 shares were originally issued and 6,600 were subsequently reacquired. What is the number of shares outstanding?
a.6,600
b.58,600
c.45,400
d.52,000
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