Macanas Company had 125,000 shares issued as of January 1, 2018, which includes 25,000 treasury shares. During the year, 13,000 treasury shares were reissued. Right after the reissuance of the treasury shares, Macanas declared a 3-for-1 split. And on December, additional 5,000 shares were purchased and placed in treasury. Determine the the number of shares issued and shares outstanding, respectively 375,000 and 334,000 O 334,000 and 375,000 O 375,000 and 324,000 324.000 and 375.000

Macanas Company had 125,000 shares issued as of January 1, 2018, which includes 25,000 treasury shares. During the year, 13,000 treasury shares were reissued. Right after the reissuance of the treasury shares, Macanas declared a 3-for-1 split. And on December, additional 5,000 shares were purchased and placed in treasury. Determine the the number of shares issued and shares outstanding, respectively 375,000 and 334,000 O 334,000 and 375,000 O 375,000 and 324,000 324.000 and 375.000

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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