company issued 1,000,000 shares of common stock. Of these 150,000 shares were held as treasury stock at December 31, 2002. During 2003, transactions involving A company’s common stock were as follows: May 1 50,000 shares of treasury stock were sold. 1 500,000 shares of previously unissued stock were sold 1 A 2-for-1 stock, split took effect At December 31, 2003, how many shares of A company common shares were issued?
company issued 1,000,000 shares of common stock. Of these 150,000 shares were held as treasury stock at December 31, 2002. During 2003, transactions involving A company’s common stock were as follows: May 1 50,000 shares of treasury stock were sold. 1 500,000 shares of previously unissued stock were sold 1 A 2-for-1 stock, split took effect At December 31, 2003, how many shares of A company common shares were issued?
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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49.
A company issued 1,000,000 shares of common stock. Of these 150,000 shares were held as
- May 1 50,000 shares of treasury stock were sold.
- 1 500,000 shares of previously unissued stock were sold
- 1 A 2-for-1 stock, split took effect
At December 31, 2003, how many shares of A company common shares were issued?
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