On January 1, 2021, a company had 125,000 issued shares and 25,000 treasury shares.During the year, 13,000 treasury shares were reissued. Right after the reissuance of thetreasury shares, the company declared a 3-for-1 split. In December 2021, additional 5,000shares were purchased and placed in treasury. Determine the number of shares issued.

The shares issued includes the treasury stock shares but shares outstanding are decreased with the…

n January 1, 2021, a company had 125,000 issued shares and 25,000 treasury shares. uring the year, 13,000 treasury shares were reissued. Right after the reissuance of the easury shares, the company declared a 3-for-1 split. In December 2021, additional 5,000 ares were purchased and placed in treasury. Determine the number of shares issued.

n January 1, 2021, a company had 125,000 issued shares and 25,000 treasury shares. uring the year, 13,000 treasury shares were reissued. Right after the reissuance of the easury shares, the company declared a 3-for-1 split. In December 2021, additional 5,000 ares were purchased and placed in treasury. Determine the number of shares issued.

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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