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The charter of a corporation provides for the issuance of 144,000 shares of common stock. Assume that 52,000 shares were originally issued and 14,000 were

The charter of a corporation provides for the issuance of 144,000 shares of common stock. Assume that 52,000 shares were originally issued and 14,000 were subsequently reacquired. What is the number of shares outstanding?

a. 14,000

b. 38,000

c. 52,000

d. 144,000

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