DOUBLE Company issued 1,000,000 shares of ordinary shares. Of these, 150,000 shares were held as treasury shares on December 31, 2020. During 2021, transactions involving DOUBLE ’ ordinary share were as follows: May 1 50,000 shares of treasury share were sold. Aug 1 500,000 shares of previously unissued shares were sold. Nov 1 A 5-for-1 share split took effect. As an auditor of the company, you were requested to present to the board the number of shares of DOUBLE’s ordinary shares that were is outstanding on December 31, 2021
DOUBLE Company issued 1,000,000 shares of ordinary shares. Of these, 150,000 shares were held as treasury shares on December 31, 2020. During 2021, transactions involving DOUBLE ’ ordinary share were as follows: May 1 50,000 shares of treasury share were sold. Aug 1 500,000 shares of previously unissued shares were sold. Nov 1 A 5-for-1 share split took effect. As an auditor of the company, you were requested to present to the board the number of shares of DOUBLE’s ordinary shares that were is outstanding on December 31, 2021
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 5MC: Kent Corporation was organized on January 1, 2014. On that date, it issued 200,000 shares of 10 par...
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DOUBLE Company issued 1,000,000 shares of ordinary shares. Of these, 150,000 shares were held as treasury shares on December 31, 2020. During 2021, transactions involving DOUBLE ’ ordinary share were as follows:
May 1 50,000 shares of treasury share were sold.
Aug 1 500,000 shares of previously unissued shares were sold.
Nov 1 A 5-for-1 share split took effect.
As an auditor of the company, you were requested to present to the board the number of shares of DOUBLE’s ordinary shares that were is outstanding on December 31, 2021.
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