VV Company had 250,000 ordinary shares outstanding at the beginning of 2015. 2020 March 1 Sold 24,000 shares July 1 Issued a 20% stock dividend October 1 Sold 16,000 shares December 1 Purchased 15,000 treasury shares 2021 June 1 Issued a 3 for 1 share split
VV Company had 250,000 ordinary shares outstanding at the beginning of 2015. 2020 March 1 Sold 24,000 shares July 1 Issued a 20% stock dividend October 1 Sold 16,000 shares December 1 Purchased 15,000 treasury shares 2021 June 1 Issued a 3 for 1 share split
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
VV Company had 250,000 ordinary shares outstanding at the beginning of 2015.
2020 | March 1 | Sold 24,000 shares |
July 1 | Issued a 20% stock dividend |
|
October 1 | Sold 16,000 shares | |
December 1 | Purchased 15,000 treasury shares |
|
2021 | June 1 | Issued a 3 for 1 share split |
September 1 | Sold 60,000 shares |
Compute for the shares actually outstanding on January 1, 2021.
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