1. At year-end, how many ordinary shares were issued?2. At year-end, how many shares are outstanding? An entity had issued 100,000 ordinary shares. Of these, 5,000 shares wereheld as treasury on at the beginning of current year. During the currentyear, transactions involving ordinary shares were as follows:Маy 1Aug 1Nov 11,000 shares of treasury were sold10,000 previously unissued shares were soldA 2-for-1 share split took effect

The treasury shares are the own shares purchased by the company.

Answered: . At year-end, how many ordinary shares…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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A company had stock outstanding as follows during each of its first three years of operations: 1,000 shares of 10%, $100 par, cumulative preferred stock and 54,000 shares of $10 par common stock. The amounts distributed as dividends follow. Determine the total and per-share dividends for each class of stock for each year by completing the schedule. Round dividends per share to the nearest cent. If your answer is zero, please enter "0". Year 1 2 3 Dividends $7,500 10,000 39,080 Total Preferred $ Per Share Total Common Per Share
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. At year-end, how many ordinary shares were issued? 2. At year-end, how many shares are outstanding?