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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Chapter12: Statement Of Stockholders’ Equity (stockeq)
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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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