Elance Exams Answers PDF file

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At 12/31/10 there were 1,000,000 shares issued and 300,000 where held as treasury stock. During 2011, 100,000 shares were excercised via stock options and the company repurchased 50,000 of its outstanding shares. How many shares were outstanding as of 12/31/11?

1,000,000
1,050,000
700,000
750,000
1,100,000
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