Of the 125,000 shares of common stock issued by Vey Corp., 25,000 shares were held as...

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Of the 125,000 shares of common stock issued by Vey Corp., 25,000 shares were held as treasury stock at December 31, 20X4. During 20X5, transactions involving Vey's common stock were as follows: January 1 through October 31-13,000 treasury shares were distributed to officers as part of a stock compensation plan. November 1-A 3-for-1 stock split took effect. December 1 - Vey purchased 5,000 of its own shares to discourage an unfriendly takeover. These shares were not retired. At December 31, 20X5, how many shares of Vey's common stock were issued and outstanding? Of the 125,000 shares of common stock issued by Vey Corp., 25,000 shares were held as treasury stock at December 31, 20X4. During 20X5, transactions involving Vey's common stock were as follows: January 1 through October 31-13,000 treasury shares were distributed to officers as part of a stock compensation plan. November 1-A 3-for-1 stock split took effect. December 1 - Vey purchased 5,000 of its own shares to discourage an unfriendly takeover. These shares were not retired. At December 31, 20X5, how many shares of Vey's common stock were issued and outstanding?

Answer rating: 100% (QA)

The number of shares issued and outstanding can be calculated as follows Number of shares issued Num... View the full answer