Dayron Co. had 8,000 ordinary shares outstanding in January 2009. The company distributed a 15% share dividend in March and a 10% share dividend in June 2009. After acquiring 1,000 treasury shares on July 1, the company split its shares 4 for 1 in December 2009. How many ordinary shares are outstanding as of December 31, 2009? a. 35,480 b. 36,480 c. 48,800 d. 49,800
Dayron Co. had 8,000 ordinary shares outstanding in January 2009. The company distributed a 15% share dividend in March and a 10% share dividend in June 2009. After acquiring 1,000 treasury shares on July 1, the company split its shares 4 for 1 in December 2009. How many ordinary shares are outstanding as of December 31, 2009? a. 35,480 b. 36,480 c. 48,800 d. 49,800
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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