See image. Choices: a. P780,000b. P720,000c. P1,440,000d. P560,000 LTS Corporation's has authorized to issue 700,000 ordinary shares and 400,000 shares areissued and outstanding at December 31, 2019. The following events occurred during2020:January 1- Board of Directors declared 10% Share DividendFeb. 15-Record date for the 10% share dividend- Payment date for the 10% share dividend- Purchased 100,000 sharesMarch 15March 30April 1May 15- Reissued 50,000 shares- Declared 2-for-1 share split- Record date for the share split up- Payment date for the share split upJune 30Oct 31How many issued and outstanding shares did the corporation have at December 31,2020?

LTS Corporation's has authorized to issue 700,000 ordinary shares and 400,000 shares are issued and outstanding at December 31, 2019. The following events occurred during 2020: January 1 - Board of Directors declared 10% Share Dividend Feb. 15- Record date for the 10% share dividend March 15 - Payment date for the 10% share dividend - Purchased 100,000 shares - Reissued 50,000 shares March 30 April 1 May 15 - Declared 2-for-1 share split - Record date for the share split up - Payment date for the share split up June 30 Oct 31 How many issued and outstanding shares did the corporation have at December 31, 2020?

LTS Corporation's has authorized to issue 700,000 ordinary shares and 400,000 shares are issued and outstanding at December 31, 2019. The following events occurred during 2020: January 1 - Board of Directors declared 10% Share Dividend Feb. 15- Record date for the 10% share dividend March 15 - Payment date for the 10% share dividend - Purchased 100,000 shares - Reissued 50,000 shares March 30 April 1 May 15 - Declared 2-for-1 share split - Record date for the share split up - Payment date for the share split up June 30 Oct 31 How many issued and outstanding shares did the corporation have at December 31, 2020?

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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