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The corporate charter of Lune Corporation allows the issuance of a maximum of 100,000 shares of common stock. During its first two years of operations,

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The corporate charter of Lune Corporation allows the issuance of a maximum of 100,000 shares of common stock. During its first two years of operations, Lune sold 70,000 shares to shareholders and reacquired 7,000 of these shares. After these transactions, how many shares are authorized, issued, and outstanding? Lune Corporation is authorized to sell shares. Lune has shares issued. Lune has shares outstanding

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