An entity authorized 500,000 common shares. As of January 1 of year 2, the entity had 110,000

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An entity authorized 500,000 common shares. As of January 1 of year 2, the entity had 110,000 ordinary shares issued and 100,000 ordinary shares outstanding. The entity had the following transactions in Year 2:

march 1	Issued 15,000 common shares
June 1	Resold 2,500 treasury shares
September 1	Completed a 2-for-1 common stock split

What is the total number of ordinary shares the entity has outstanding at the end of year 2?

Related Book For answer-question

Intermediate Accounting IFRS

ISBN: 9781119607519

4th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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Posted Date: May 05, 2023 02:20 AM

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An entity authorized 500,000 common shares. As of January 1 of year 2, the entity had 110,000

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At the start of Year 2 the entity had 100000 ordinary shares outstanding On March 1 the entity issue... View the full answer

Intermediate Accounting IFRS

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