VILLON CORPORATION HAD 80,000 ORDINARY SHARES OUTSTANDING IN JAN. 2018. THE CORPORATION DISTRIBUTED A 15% SHARE DIVIDEN IN MARCH AND A 10% SHARE DIVIDEND IN JUNE. AFTER ACQUIRING 10,000 SHARES OF TREASURY STOCK IN JULY, THE CORPORATION SPLIT ITS SHARE 4-OF-1 IN DECEMBER. HOW MANY ORDINARY SHARES ARE OUTSTANDING AS AT DEC. 31, 2018? 451,500 488,000 498,000 364,800
VILLON CORPORATION HAD 80,000 ORDINARY SHARES OUTSTANDING IN JAN. 2018. THE CORPORATION DISTRIBUTED A 15% SHARE DIVIDEN IN MARCH AND A 10% SHARE DIVIDEND IN JUNE. AFTER ACQUIRING 10,000 SHARES OF TREASURY STOCK IN JULY, THE CORPORATION SPLIT ITS SHARE 4-OF-1 IN DECEMBER. HOW MANY ORDINARY SHARES ARE OUTSTANDING AS AT DEC. 31, 2018? 451,500 488,000 498,000 364,800
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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VILLON CORPORATION HAD 80,000 ORDINARY SHARES OUTSTANDING IN JAN. 2018. THE CORPORATION DISTRIBUTED A 15% SHARE DIVIDEN IN MARCH AND A 10% SHARE DIVIDEND IN JUNE. AFTER ACQUIRING 10,000 SHARES OF TREASURY STOCK IN JULY, THE CORPORATION SPLIT ITS SHARE 4-OF-1 IN DECEMBER. HOW MANY ORDINARY SHARES ARE OUTSTANDING AS AT DEC. 31, 2018?
451,500
488,000
498,000
364,800
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