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Victorino Corp. issued 200,000 ordinary shares when it began operations in Jan. 25, 2018 and issued an additional 100,000 shares during 2018. Victorino also issued preference shares convertible into 100,000 shares of ordinary shares. In 2019, Victorino purchased 75,000 of its ordinary shares and held it in the treasury. At Dec 31, 2019, how many shares of Victorino's shares were outstanding? A) 400,000 B) 325,000 C) 300,000 D 225,000

Victorino Corp. issued 200,000 ordinary shares when it began operations in Jan. 25, 2018 and issued an additional 100,000 shares during 2018. Victorino also issued preference shares convertible into 100,000 shares of ordinary shares. In 2019, Victorino purchased 75,000 of its ordinary shares and held it in the treasury. At Dec 31, 2019, how many shares of Victorino's shares were outstanding? A) 400,000 B) 325,000 C) 300,000 D 225,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Victorino Corp. issued 200,000 ordinary shares when it began operations in Jan. 25, 2018 and issued an additional 100,000 shares during 2018. Victorino also issued preference shares convertible into 100,000 shares of ordinary shares. In 2019, Victorino purchased 75,000 of its ordinary shares and held it in the treasury. At Dec 31, 2019, how many shares of Victorino's shares were outstanding? A) 400,000 B) 325,000 C) 300,000 D) 225,000
Transcribed Image Text:Victorino Corp. issued 200,000 ordinary shares when it began operations in Jan. 25, 2018 and issued an additional 100,000 shares during 2018. Victorino also issued preference shares convertible into 100,000 shares of ordinary shares. In 2019, Victorino purchased 75,000 of its ordinary shares and held it in the treasury. At Dec 31, 2019, how many shares of Victorino's shares were outstanding? A) 400,000 B) 325,000 C) 300,000 D) 225,000
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