Question
Montana Company was authorized to issue 80,000 shares of common stock. The company had issued 27,000 shares of stock when it purchased 4,000 shares of treasury stock. After the purchase of
treasury stock, the number of outstanding shares of common stock was which of the following?
Multiple Choice
76,000
31,000
27,000
23,000
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Montana Company was authorized to issue 80,000 shares of common stock. The company had issued 27,000 shares of stock when it purchased 4,000 shares of treasury stock. After the purchase of treasury stock, the number of outstanding shares of common stock was which of the following? Multiple Choice 76,000 31,000 27,000 23,000

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