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Dervish Inc. had the following stock transactions in 2020: Issued 120,000 shares at $10 per share Issued 60,000 shares at $9 per share Issued 40,000 shares at $11 per share Declared a 2-for-1 stock split. Issued a 10% stock dividend Repurchased and cancelled 50,000 shares for $12 How many shares were outstanding at the end of 2020? Question 8 options:   434,000   346,000   71,000   484,000

Dervish Inc. had the following stock transactions in 2020: Issued 120,000 shares at $10 per share Issued 60,000 shares at $9 per share Issued 40,000 shares at $11 per share Declared a 2-for-1 stock split. Issued a 10% stock dividend Repurchased and cancelled 50,000 shares for $12 How many shares were outstanding at the end of 2020? Question 8 options:   434,000   346,000   71,000   484,000

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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Dervish Inc. had the following stock transactions in 2020:

  • Issued 120,000 shares at $10 per share
  • Issued 60,000 shares at $9 per share
  • Issued 40,000 shares at $11 per share
  • Declared a 2-for-1 stock split.
  • Issued a 10% stock dividend
  • Repurchased and cancelled 50,000 shares for $12

How many shares were outstanding at the end of 2020?

Question 8 options:

 

434,000
 

346,000
 

71,000
 

484,000

 

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