Dayron Co. had 8,000 ordinary shares outstanding in January 2019. The company distributed a 15% share dividend in March and a 10% share dividend in June 2019. After acquiring 1,000 treasury shares in July 1, the company split its shares 4 for 1 in December 2019. How many ordinary shares are outstanding as of December 31, 2019?

Dayron Co. had 8,000 ordinary shares outstanding in January 2019. The company distributed a 15% share dividend in March and a 10% share dividend in June 2019. After acquiring 1,000 treasury shares in July 1, the company split its shares 4 for 1 in December 2019. How many ordinary shares are outstanding as of December 31, 2019?

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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