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

The charter of a corporation provides for the issuance of
100,000 shares of common stock. Assume that 60,000 shares were
originally issued and 10,000 were subsequently reacquired. What is
the number of shares outstanding? a)40,000 b) 70,000 c) 50,000 d)
60,000