Using the given data below, (there was a typo error, the date December 31, 2014 should be December 31, 2018). The question is, at December 31, 2019, how many shares were authorized?Using data in number 23, at December 31, 2019, how many shares are issued? Using data in number 23, at December 31, 2019, how many shares are outstanding? MJS Inc., had 700,000 authorized shares of Ordinary share capital, P 100 par, and 300,000 sharesoutstanding at Dec. 31, 2014. The following events occurred during 2019:Jan. 1 Declared 10% share capital dividendMar. 1 Issued the share capital dividendJune 30 Purchased 100,000 shares of Treasury sharesAug 1 Reissued 30,000 Treasury sharesNov 1 Declared a 2 for 1 share split

1. No. of shares authorized on December 31, 2019 = No. of shares authorized on December 31, 2018 x…

Answered: MIS Inc., had 700,000 authorized shares…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Using the given data below, (there was a typo error, the date December 31, 2014 should be December 31, 2018). The question is, at December 31, 2019, how many shares were authorized?

Using data in number 23, at December 31, 2019, how many shares are issued?

Using data in number 23, at December 31, 2019, how many shares are outstanding?

MJS Inc., had 700,000 authorized shares of Ordinary share capital, P 100 par, and 300,000 shares
outstanding at Dec. 31, 2014. The following events occurred during 2019:
Jan. 1 Declared 10% share capital dividend
Mar. 1 Issued the share capital dividend
June 30 Purchased 100,000 shares of Treasury shares
Aug 1 Reissued 30,000 Treasury shares
Nov 1 Declared a 2 for 1 share split

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