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Information related to the common shares of Empresas ABC for the year 2019 is presented below: January 1 - opening balances: 2,000,000 authorized, 402,000 issued, and 400,000 outstanding March 1 - Sells 15,000 authorized common shares, not previously issued June 1 - Declare and distribute a 10% stock dividend to outstanding shares November 1 - Declares a 2: 1 “stock-split-up” December 1 - sell (issue) 1,000 portfolio shares below cost Determine the total number of common shares outstanding as of December 31, 2019 Select one: to. 229,250 shares b. 914,000 shares c. 912,000 shares d. 399,000 shares

Information related to the common shares of Empresas ABC for the year 2019 is presented below: January 1 - opening balances: 2,000,000 authorized, 402,000 issued, and 400,000 outstanding March 1 - Sells 15,000 authorized common shares, not previously issued June 1 - Declare and distribute a 10% stock dividend to outstanding shares November 1 - Declares a 2: 1 “stock-split-up” December 1 - sell (issue) 1,000 portfolio shares below cost Determine the total number of common shares outstanding as of December 31, 2019 Select one: to. 229,250 shares b. 914,000 shares c. 912,000 shares d. 399,000 shares

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Information related to the common shares of Empresas ABC for the year 2019 is presented below: January 1 - opening balances: 2,000,000 authorized, 402,000 issued, and 400,000 outstanding March 1 - Sells 15,000 authorized common shares, not previously issued June 1 - Declare and distribute a 10% stock dividend to outstanding shares November 1 - Declares a 2: 1 “stock-split-up” December 1 - sell (issue) 1,000 portfolio shares below cost Determine the total number of common shares outstanding as of December 31, 2019 Select one: to. 229,250 shares b. 914,000 shares c. 912,000 shares d. 399,000 shares

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