A company issued 1,000,000 shares of common stock. Of these 150,000 shares were held as treasury stock at December 31, 2002. During 2003, transactions involving A company's common stock were as follows: May 1 50,000 shares of treasury stock were sold. • 1 500,000 shares of previously unissued stock were sold • 1A 2-for-1 stock, split took effect At December 31, 2003, how many shares of A company common shares were issued?
A company issued 1,000,000 shares of common stock. Of these 150,000 shares were held as treasury stock at December 31, 2002. During 2003, transactions involving A company's common stock were as follows: May 1 50,000 shares of treasury stock were sold. • 1 500,000 shares of previously unissued stock were sold • 1A 2-for-1 stock, split took effect At December 31, 2003, how many shares of A company common shares were issued?
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter12: Statement Of Stockholders’ Equity (stockeq)
Section: Chapter Questions
Problem 4R: The following selected transactions and events occurred during 2013: a. Issued 200 shares of...
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![A company issued 1,000,000 shares of common stock. Of these 150,000 shares were held as
treasury stock at December 31, 2002. During 2003, transactions involving A company's
common stock were as follows:
May 1 50,000 shares of treasury stock were sold.
• 1 500,000 shares of previously unissued stock were sold
• 1A 2-for-1 stock, split took effect
At December 31, 2003, how many shares of A company common shares were issued?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd07bead3-e804-4a75-bf4d-3e4a85009636%2Fa5245005-1855-4ea1-a852-ce35aaef15fc%2Fq5oh09z_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A company issued 1,000,000 shares of common stock. Of these 150,000 shares were held as
treasury stock at December 31, 2002. During 2003, transactions involving A company's
common stock were as follows:
May 1 50,000 shares of treasury stock were sold.
• 1 500,000 shares of previously unissued stock were sold
• 1A 2-for-1 stock, split took effect
At December 31, 2003, how many shares of A company common shares were issued?
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