Raha company had 420,000 ordinary shares authorized and 180,000 shares outstanding at the beginning of current year. January 31 Declared 10% share dividend June 30 Purchased 60,000 shares August 1 Reissued 30,000 shares November 30 Declared 2-for-1 share split How many ordinary shares are outstanding at year-end?

Raha company had 420,000 ordinary shares authorized and 180,000 shares outstanding at the beginning of current year. January 31 Declared 10% share dividend June 30 Purchased 60,000 shares August 1 Reissued 30,000 shares November 30 Declared 2-for-1 share split How many ordinary shares are outstanding at year-end?

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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January 31	Declared 10% share dividend
June 30	Purchased 60,000 shares
August 1	Reissued 30,000 shares
November 30	Declared 2-for-1 share split

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