LTS Corporation's has authorized to issue 700,000 ordinary shares and 400,000 shares issued and outstanding at Dec 31 2019. The following events occurred on 2020. Jan 1 - Board of Directors declared 10% shared dividend Feb 15 - Record date for the 10% share dividend Mar 15 - payment date for the 10% share dividend Mar 30 - purchased 100,000 shares Apr 1- reissued 50,000 shares May 15 - Declared 2 for 1 share split Jun 30 - record date for the share split up Oct 31 - payment date for the share split up how many issued and outstanding shares did the corporation have at Dec 31, 2020?
LTS Corporation's has authorized to issue 700,000 ordinary shares and 400,000 shares issued and outstanding at Dec 31 2019. The following events occurred on 2020. Jan 1 - Board of Directors declared 10% shared dividend Feb 15 - Record date for the 10% share dividend Mar 15 - payment date for the 10% share dividend Mar 30 - purchased 100,000 shares Apr 1- reissued 50,000 shares May 15 - Declared 2 for 1 share split Jun 30 - record date for the share split up Oct 31 - payment date for the share split up how many issued and outstanding shares did the corporation have at Dec 31, 2020?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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LTS Corporation's has authorized to issue 700,000 ordinary shares and 400,000 shares issued and outstanding at Dec 31 2019. The following events occurred on 2020.
Jan 1 - Board of Directors declared 10% shared dividend
Feb 15 - Record date for the 10% share dividend
Mar 15 - payment date for the 10% share dividend
Mar 30 - purchased 100,000 shares
Apr 1- reissued 50,000 shares
May 15 - Declared 2 for 1 share split
Jun 30 - record date for the share split up
Oct 31 - payment date for the share split up
how many issued and outstanding shares did the corporation have at Dec 31, 2020?
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