On July 1, 2019, Moody Corporation was authorized to issue 200,000 common shares and issued 70,000...
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On July 1, 2019, Moody Corporation was authorized to issue 200,000 common shares and issued 70,000 shares. On July 2, Moody Corporation declared a 50% stock dividend to be distributed on July 31. On September 1, Moody Corporation declared a 2-for- 1 stock split. How many common shares were outstanding at September 2, 2019? On July 1, 2019, Moody Corporation was authorized to issue 200,000 common shares and issued 70,000 shares. On July 2, Moody Corporation declared a 50% stock dividend to be distributed on July 31. On September 1, Moody Corporation declared a 2-for- 1 stock split. How many common shares were outstanding at September 2, 2019?
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Common shares issued 70000 shares 50 stock dividend Declares a 2 for 1 stock split The stock dividen... View the full answer
Related Book For
Financial Reporting And Analysis
ISBN: 9781260247848
8th Edition
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
Posted Date:
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