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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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
Transcribed Image Text: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
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