Dali Company has 15,000 shares of stock authorized at January 1. Dali issues 4,500 shares to the stockholders during the year and then the company repurchases 1,500 shares as treasury stock. Based on this information, how many shares are outstanding at December 31

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Answer:

Total shares outstanding are 3000

Explanation:

Total shares outstanding=4500 shares issued-1500 shares repurchased

                                          = 3000 shares

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