Cole Company issued 10,000 shares of common stock. Cole purchased 1,000 shares and later reissued 500 shares. How many shares are issued and outstanding?

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Cole Company initially issued 10,000 shares. The shares issued remain 10,000 regardless of repurchases. After purchasing 1,000 shares, the outstanding shares were 9,000. Reissuing 500 shares increases the outstanding shares to 9,500.

Cole Company Issued 10,000 Shares of Common Stock