1. At year-end, how many ordinary shares were issued?2. At year-end, how many shares are outstanding? An entity had issued 100,000 ordinary shares. Of these, 5,000 shares wereheld as treasury on at the beginning of current year. During the currentyear, transactions involving ordinary shares were as follows:Маy 1Aug 1Nov 11,000 shares of treasury were sold10,000 previously unissued shares were soldA 2-for-1 share split took effect

The treasury shares are the own shares purchased by the company.

Answered: . At year-end, how many ordinary shares…

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. At year-end, how many ordinary shares were issued? 2. At year-end, how many shares are outstanding?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 5MC: Kent Corporation was organized on January 1, 2014. On that date, it issued 200,000 shares of 10 par...

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Question

1. At year-end, how many ordinary shares were issued?

2. At year-end, how many shares are outstanding?

An entity had issued 100,000 ordinary shares. Of these, 5,000 shares were
held as treasury on at the beginning of current year. During the current
year, transactions involving ordinary shares were as follows:
Маy 1
Aug 1
Nov 1
1,000 shares of treasury were sold
10,000 previously unissued shares were sold
A 2-for-1 share split took effect

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