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The charter of a corporation provides for the issuance of 100,000 shares of common stock.

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29. The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 40,000 shares were originally issued and 5,000 were subsequently reacquired. What is the number of shares outstanding?;5,000;35,000;45,000;55,000;30. A corporation issues 2,000 shares of common stock for $ 32,000. The stock has a stated value of $10 per share. The journal entry to record the stock issuance would include a credit to Common Stock for ________.;$20,000;$32,000;$12,000;$2,000

 

Paper#25414 | Written in 18-Jul-2015

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