Question
1.Queenie Corporation was incorporated on January 2, 2019. The following information pertaining to Queenie's ordinary share transactions: 01/02/19number of shares authorizedP80,000 02/01/19number of shares issued60,000
1.Queenie Corporation was incorporated on January 2, 2019. The following information pertaining to Queenie's ordinary share transactions:
01/02/19number of shares authorizedP80,000
02/01/19number of shares issued60,000
07/01/19number of shares reacquired but not canceled5,000
12/01/19 two-for-one share split
What is the number of Queenie Corporation's ordinary share outstanding at December 31, 2019?
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Financial Accounting A User Perspective
Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry
6th Canadian Edition
