On January 1, 2021, marine company had 125,000 issued shares and 25,000 treasury shares. During the year, 13,000 treasury shares were reissued. Right after the reissuance of the treasury shares, the company declared a 3-for1 split. In december 2021, additional 5,000 shares were purchased and placed in treasury. Determine the number of shares issued

On January 1, 2021, marine company had 125,000 issued shares and 25,000 treasury shares. During the year, 13,000 treasury shares were reissued. Right after the reissuance of the treasury shares, the company declared a 3-for1 split. In december 2021, additional 5,000 shares were purchased and placed in treasury. Determine the number of shares issued

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 10EB: Ammon Company is authorized to issue 500,000 shares of $5 par value preferred stock. In its first...

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