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Gang 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?

Gang 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
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
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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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Gang 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?

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