Solved: Hawes sold 70000 shares to shareholders and reacquired 7000, Accounting Basics

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Hawes sold 70000 shares to shareholders and reacquired 7000

The corporate charter of Hawes Corporation allows the issuance of a maximum of 100,000 shares of common stock. During its first two years of operations, Hawes sold 70,000 shares to shareholders and reacquired 7,000 of these shares. After these transactions, how many shares are authorized, issued, and outstanding?

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Accounting Basics: Hawes sold 70000 shares to shareholders and reacquired 7000

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Accounting Basics: Hawes sold 70000 shares to shareholders and reacquired 7000

Reference No:- TGS0790087

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