As of early 2021, Algorand Co. had 100,000 authorized shares of common stock and 50,000 shares issued
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Question:
As of early 2021, Algorand Co. had 100,000 authorized shares of common stock and 50,000 shares issued and outstanding. The company had the following capital transactions during 2021:
January 31, declared and issued 20% stock dividends
May 1, bought 6,000 of the issued shares
September 30, reissue of 3,000 treasury shares
November 30, declared a 3-for-1 stock split
How many shares are issued at the end of the financial year?
Related Book For
Intermediate Accounting
ISBN: 978-1119503668
17th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfiel
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