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The charter of a corporation provides for the issuance of 112,000 shares of common stock. Assume that 48,000 shares were originally issued and 4,800 were subsequently reacquired. What is the number of shares outstanding?

Answer 1

The number of shares outstanding, given the shares issued and the shares reacquired is 43, 200 shares

How to find the shares outstanding?

The number of shares outstanding refers to the total number of shares being held by owners or in the market. This does not include treasury shares as these are held by the company.

The number of shares outstanding in this instance is:
= Number of shares issued - Number of shares reacquired

Number of shares issued = 48, 000

Number of shares reacquired = 4, 800

The number of shares outstanding is then:
= 48, 000 - 4, 800

= 43, 200 shares

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