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The charter of a corporation provides for the issuance of 119,000 shares of common stock. Assume that 58,000 shares were originally issued and 11,000 were

The charter of a corporation provides for the issuance of 119,000 shares of common stock. Assume that 58,000 shares were originally issued and 11,000 were subsequently reacquired. What is the number of shares outstanding?

a.11,000

b.58,000

c.47,000

d.119,000

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