At the date of the financial statements, ordinary shares issued would exceed ordinary shares outstanding as a result of the a. Payment in full of subscribed shares b. Purchase of treasury shares c. Declaration of stock split d. Declaration of stock dividend

At the date of the financial statements, ordinary shares issued would exceed ordinary shares outstanding as a result of the a. Payment in full of subscribed shares b. Purchase of treasury shares c. Declaration of stock split d. Declaration of stock dividend

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter21: Corporations: Taxes, Earnings, Distributions, And The Statement Of Retained Earnings

Section: Chapter Questions

Problem 2MC

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Question

At the date of the financial statements, ordinary shares issued would exceed ordinary shares outstanding as a result of the

a. Payment in full of subscribed shares

b. Purchase of treasury shares

c. Declaration of stock split

d. Declaration of stock dividend

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