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The Daily Prophet's authorized shares of common stock are 100,000 shares. It has issued 60,000 shares and repurchased 20,000 shares as treasury stock, then resold
The Daily Prophet's authorized shares of common stock are 100,000 shares. It has issued 60,000 shares and repurchased 20,000 shares as treasury stock, then resold 10,000 shares of treasury stock. How many shares of common stock are outstanding? a. 70,000 shares b. 50,000 shares C. 100,000 shares d. 60,000 shares
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