Dayron Co. had 8,000 ordinary shares outstanding in January 2009. The company distributed a 15% share dividend in March and a 10% share dividend in June 2009. After acquiring 1,000 treasury shares in July 1, the company split its shares 4 for 1 in December 2009. How many ordinary shares are outstanding as of December 31, 2009?

35,480

36,480

48,800

49,800

Answer rating: 100% (QA)

Number of outstanding shares in January 8000 Stock dividend in March 15 Nu... View the full answer