ABC company has 2,400,000 shares of common stock authorized, of which 2,000,000 are outstanding at the beginning of 2005. On June 30, 2005, an additional 200,000 shares of common stock were issued. On September 30, 2005 the company repurchased 500,000 shares of common stock.

What is the number of common shares outstanding at December 31, 2005?

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To determine the number of common shares outstanding at December 3... View the full answer