reasury shares, at cost, 600,000 in 2021 mparative statement of financial position at year-end: evi Company provided the following information from a 2021 2020 nare capital, P5 par mare premium etained earnings 7,500,000 52,000,000 19,500,000 4,500,000 40,000,000 15,500,000 and 400,000 in 2020 7,000,000 5,000,000 What is the number of outstanding shares on December 31, 2021? a. 1,500,000 b. 1,000,000 900,000 C. 600,000 d.
reasury shares, at cost, 600,000 in 2021 mparative statement of financial position at year-end: evi Company provided the following information from a 2021 2020 nare capital, P5 par mare premium etained earnings 7,500,000 52,000,000 19,500,000 4,500,000 40,000,000 15,500,000 and 400,000 in 2020 7,000,000 5,000,000 What is the number of outstanding shares on December 31, 2021? a. 1,500,000 b. 1,000,000 900,000 C. 600,000 d.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:comparative statement of financial position at year-end:
Levi Company provided the following information from a
2021
2020
Share capital, P5 par
Share premium
Retained earnings
Treasury shares, at cost, 600,000 in 2021
and 400,000 in 2020
7,500,000
52,000,000
19,500,000
4,500,000
40,000,000
15,500,000
7,000,000
5,000,000
1 What is the number of outstanding shares on December
31, 2021?
a. 1,500,000
b. 1,000,000
900,000
600,000
с.
d.
2. What is the number of outstanding shares on December
31, 2020?
a. 900,000
b. 500,000
c. 400,000
d. 700,000
3. How many shares were issued during 2021?
a. 600,000
b. 300,000
c. 200,000
d. 500,000
4. What was the average price of additional shares issued
in 2021?
а. 25
b. 20
с. 10
d.
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