Holliday Corporation reports the following on January 1: 500,000 shares of $10 par value common stock...
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Holliday Corporation reports the following on January 1: 500,000 shares of $10 par value common stock authorized and 80.000 shares of $10 par value common stock outstanding, originally issued at $12 per share. On June 1, Holliday issued an additional 20,000 shares of its common stock at $15 per share. On November 30, Holliday reacquired 6,000 shares of its common stock for $17 per share. On December 1, a 10% stock dividend was distributed. On the last day of the year, 3,000 shares of treasury stock were reissued, at a price of $25 per share. Following these transactions, the number of shares issued and the number of shares outstanding is: # of shares issued # of shares outstanding 500,000; 497.000 100,000: 97,000 109,400; 106,400 110,000; 94,000 109,400; 109,400 Holliday Corporation reports the following on January 1: 500,000 shares of $10 par value common stock authorized and 80.000 shares of $10 par value common stock outstanding, originally issued at $12 per share. On June 1, Holliday issued an additional 20,000 shares of its common stock at $15 per share. On November 30, Holliday reacquired 6,000 shares of its common stock for $17 per share. On December 1, a 10% stock dividend was distributed. On the last day of the year, 3,000 shares of treasury stock were reissued, at a price of $25 per share. Following these transactions, the number of shares issued and the number of shares outstanding is: # of shares issued # of shares outstanding 500,000; 497.000 100,000: 97,000 109,400; 106,400 110,000; 94,000 109,400; 109,400
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Answer 11000094000 Common stock is a form of corporate equity ownership a type of security The ... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
Posted Date:
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