Jan. 11 Number of shares authorized 200,000 Feb.14 Number of shares issued 130,000 Number of shares reacquired but not canceled Number of retired reacquired shares Number of sold reacquired shares Three for one share split Jun. 6 12,000 Jul. 24 1,500 4,200 Aug. 7 Oct.17

Jan. 11 Number of shares authorized 200,000 Feb.14 Number of shares issued 130,000 Number of shares reacquired but not canceled Number of retired reacquired shares Number of sold reacquired shares Three for one share split Jun. 6 12,000 Jul. 24 1,500 4,200 Aug. 7 Oct.17

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

5. PURPLE Corporation was incorporated at the beginning of the current year and provided the following information: (refer to photo)

How many shares were issued and outstanding?

Issued - 385,500; Outstanding - 379,200

Issued - 385,500; Outstanding - 366,600

Issued - 390,000; Outstanding - 383,700

Issued - 390,000; Outstanding - 371,100

Jan. 11
Number of shares authorized
200,000
Feb.14
Number of shares issued
130,000
Jun. 6
Number of shares reacquired but not canceled
Number of retired reacquired shares
Number of sold reacquired shares
Three for one share split
12,000
Jul. 24
1,500
Aug. 7
4,200
Oct.17

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