CFAS Company issued 85,000 ordinary shares. Of these, 4,250 shares were held as treasury on January...
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CFAS Company issued 85,000 ordinary shares. Of these, 4,250 shares were held as treasury on January 1, 2022. During the current year, the entity reported the following transactions: Feb. 1 850 shares of treasury were sold. May. 1 8,500 unissued shares were sold. Dec. 15 A2-for-1 share split took effect. 1. On December 31, 2018, how many shares were issued? 2. On December 31, 2018, how many shares were outstanding? CFAS Company issued 85,000 ordinary shares. Of these, 4,250 shares were held as treasury on January 1, 2022. During the current year, the entity reported the following transactions: Feb. 1 850 shares of treasury were sold. May. 1 8,500 unissued shares were sold. Dec. 15 A2-for-1 share split took effect. 1. On December 31, 2018, how many shares were issued? 2. On December 31, 2018, how many shares were outstanding?
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Computation of Number of shares issued Particulars No of sha... View the full answer
Related Book For
Taxation for Decision Makers 2014
ISBN: 9781118654545
6th edition
Authors: Shirley Dennis Escoffier, Karen Fortin
Posted Date:
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