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The Following Data Were Reported by a Corporation  Authorized shares 20,000 Issued shares 15,000 Treasury shares 3,000\begin{array} { l c } \text { Authorized shares } & 20,000 \\\text { Issued shares } & 15,000 \\\text { Treasury shares } & 3,000\end{array}

Question 125

Multiple Choice

The following data were reported by a corporation:
 Authorized shares 20,000 Issued shares 15,000 Treasury shares 3,000\begin{array} { l c } \text { Authorized shares } & 20,000 \\\text { Issued shares } & 15,000 \\\text { Treasury shares } & 3,000\end{array}
The number of outstanding shares is:


A) 12,000.
B) 15,000.
C) 17,000.
D) 20,000.
E) 23,000.

Correct Answer:

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