Karima Corporation was formed on January 2, 2014, with 100,000 authorized shares of USD100 par value ordinary shares. January 18 Sold 30,000 shares at USD150 per share. February 16 Issued 3,000 shares for legal services with a fair value of USD400,000. The shares on this date are trading at a market value or USD160 per share. March 19 Purchased 4,000 treasury shares at a cost of USD12 per share. December 9 Sold 20,000 shares at USD100 per share. Determine how many ordinary shares are issued and how many ordinary shares are outstanding. Please
Karima Corporation was formed on January 2, 2014, with 100,000 authorized shares of USD100 par value ordinary shares. January 18 Sold 30,000 shares at USD150 per share. February 16 Issued 3,000 shares for legal services with a fair value of USD400,000. The shares on this date are trading at a market value or USD160 per share. March 19 Purchased 4,000 treasury shares at a cost of USD12 per share. December 9 Sold 20,000 shares at USD100 per share. Determine how many ordinary shares are issued and how many ordinary shares are outstanding. Please
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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