Biotech Corporation had 700,000 ordinary shares authorized and 400,000 ordinary shares issued and outstanding on December 31, 2019. The following events occurredu Dduring020: Jan. 31 Declared 10% share dividend Mar 15 Reacquire its own 120.000 shares Aug 04 Reissued0.000 shares Nov. 30 Declared 3-for-1 stock split Note: share dividend has been distributed before the split. As of December 31, 2020. how many ordinary shares are outstanding?
1. The shareholders' equity of the Company revealed the following on June 30, 2019:
Preference Share Premium 80,500
Ordinary Share, P 15 stated value 525,000
Ordinary Share Premium 275,000
Ordinary Share Subscribed 5,000
Notes Payable 400,000
Subscription Receivable Ordinary 40,000
2. Biotech Corporation had 700,000 ordinary shares authorized and 400,000 ordinary shares issued and outstanding on December 31, 2019. The following events occurredu Dduring020:
Jan. 31 Declared 10% share dividend
Mar 15 Reacquire its own 120.000 shares
Aug 04 Reissued0.000 shares
Nov. 30 Declared 3-for-1 stock split
Note: share dividend has been distributed before the split. As of December 31, 2020. how many ordinary shares are outstanding?
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