The corporate charter of Gage Corporation allows the issuance of a maximum of 100,000 shares of common
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The corporate charter of Gage Corporation allows the issuance of a maximum of 100,000 shares of common stock. During its first 2 years of operation, Gage sold 70,000 shares to shareholders and reacquired 4,000 of these shares. After these transactions, how many shares are authorized, issued, and outstanding?
Shares authorized | enter a number of shares | |
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Shares issued | enter a number of shares | |
Shares outstanding | enter a number of shares |
Related Book For
Accounting Tools for Business Decision Making
ISBN: 978-1118096895
6th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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