At the beginning of the current year, an entity had 250,000 shares issued which included 50,000...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
At the beginning of the current year, an entity had 250,000 shares issued which included 50,000 shares held as treasury. On October 1, the entity reissued 20,000 treasury shares. On November 1, a 3 for 1 share split took effect. On November 1, the entity purchased 10,000 shares to be held as a treasury. How many shares were issued at year-end? How many shares were outstanding at year-end? At the beginning of the current year, an entity had 250,000 shares issued which included 50,000 shares held as treasury. On October 1, the entity reissued 20,000 treasury shares. On November 1, a 3 for 1 share split took effect. On November 1, the entity purchased 10,000 shares to be held as a treasury. How many shares were issued at year-end? How many shares were outstanding at year-end?
Expert Answer:
Answer rating: 100% (QA)
Lets calculate the number of shares issued and outstanding at yearend based on the given information ... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
What operational changes would you recommend to Wally to improve performance? Wally Meyer deftly balanced his office keys and a large printout of forecasting data as he wheeled his mountain bike...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
From the data below, how much is subject to regular income tax? * Description Interest income on savings deposits in local banks Income from sale of lot held for investment, located IN Compensation...
-
Matching Definitions with Terms or Abbreviations Match each definition with its related term or abbreviation by entering the appropriate letter in the space provided. Term or Abbreviation (1) SEC (2)...
-
Describe in brief, the terms related to the graph: in-degree, out-degree, nodes and edges.
-
Reconsider the data from Problem 4. Management has expressed some concern over the life of the project and the impact of possible early termination. As a result, you have developed additional data...
-
The City of Grinders Switch maintains its books so as to prepare fund accounting statements and records worksheet adjustments in order to prepare government-wide statements. You are to prepare, in...
-
Three children must make fair division of a painting and sculpture left them by their mother. Using the Knaster Inheritance Procedure, the value each child places on the objects is shown below....
-
The following information is available for Park Valley Spa for July Year 1: The following is a list of checks and deposits recorded on the books of the Park Valley Spa for July Year 1: Other...
-
CoursHeroTranscribedText Fed Funds Rate 7.00% 6.50% 6.00% 5.50% 5.00% 4.50% 4.00% 3.50% 3.00% 2.50% 2.00% 1.50% 1.00% 0.50% 0.00% $100 $110 $120 $130 $140 $150 $160 Bank Excess Reserves ($Billion)...
-
Describe common methods for gathering data and evidence in health and science research. Since data and evidence can come from many different sources in science research, how do you determine if a...
-
What is the WACC for a company with market values of $4 million for debt and $1 million for preferred shares and $9 million for common stock. The cost of debt is 7%, the cost of preferred shares is...
-
I have a Speech On Texting Its a Persuasive Speech and Driving and I have to follow the Monroe Pattern Monroe's Motivated sequence pattern. Which is as follows I have to site 5 sources but need help...
-
simple Java program that takes and validates a date. The program must convert three integer numbers inputted by the user into a date of the 21st century. For example, if the user inputs 2, 2, and 22,...
-
Project - Locate information and present to a group of children and educators. For this project, you are to locate the following information (this can be at the service you work at or attend...
-
10. Which of the following factors do not influence the firm's P/E ratio? A. Past earnings B. Shares outstanding C. Volatility in business performance D. All of the options influence the firms P/E...
-
The following table shows the rates of total return in successive years from 2004 to 2008 for the Sprott Canadian Equity Fund and for the benchmark Toronto Stock Exchange S&P/TSX Composite Index. By...
-
In Exercises 4556, use transformations of f(x) = 1/x or f(x) = 1/x 2 to graph each rational function. h(x) 1 (x - 3) +2
-
In Exercises 101104, write each equation in its equivalent exponential form. Then solve for x. log 5 (x + 4) = 2
-
In Exercises 1558, find each product. (x + 1)(x 2 - x + 1)
-
Using Mendels data from the experiment in Figure 2.8, conduct a chi square test to determine if the data agree with Mendels law of independent assortment. Mendels data: THE DATA P cross F1 generation...
-
On rare occasions, an organism may have three copies of a chromosome and therefore three copies of the genes on that chromosome (instead of the usual number of two copies). The alleles for each gene...
-
Explain how the miR-200 family of miRNAs behave as tumorsuppressor genes. What happens when their expression is blocked or decreased?
Study smarter with the SolutionInn App