ALI Company issued 120,000 ordinary shares, of which 5,000 shares were held as treasury on January 1, 2020. The following were the transactions during the year: May 11,000 treasury shares were sold. Aug 110,000 unissued shares were sold. Nov 15 A 2 for 1 share split took effect. Determine the number of shares issued and outstanding on December 31, 2020. * 122,000 126,000 252,000 260,000 answer not given
ALI Company issued 120,000 ordinary shares, of which 5,000 shares were held as treasury on January 1, 2020. The following were the transactions during the year: May 11,000 treasury shares were sold. Aug 110,000 unissued shares were sold. Nov 15 A 2 for 1 share split took effect. Determine the number of shares issued and outstanding on December 31, 2020. * 122,000 126,000 252,000 260,000 answer not given
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 7EB: Silva Company is authorized to issue 5,000,000 shares of $2 par value common stock. In its IPO, the...
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![ALI Company issued 120,000 ordinary shares, of which 5,000 shares were
held as treasury on January 1, 202O. The following were the transactions
during the year: May 11,000 treasury shares were sold. Aug 110,000
unissued shares were sold. Nov 15 A 2 for 1 share split took effect.
Determine the number of shares issued and outstanding on December 31,
2020. *
122,000
126,000
252,000
260,000
answer not given](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2a8a3a77-c78b-46da-8b20-7c0eb07efd05%2F61d40eb5-5758-404e-9557-396284dfa53f%2Fvqs9nc_processed.png&w=3840&q=75)
Transcribed Image Text:ALI Company issued 120,000 ordinary shares, of which 5,000 shares were
held as treasury on January 1, 202O. The following were the transactions
during the year: May 11,000 treasury shares were sold. Aug 110,000
unissued shares were sold. Nov 15 A 2 for 1 share split took effect.
Determine the number of shares issued and outstanding on December 31,
2020. *
122,000
126,000
252,000
260,000
answer not given
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