Question
Apple had 700,000 shares of common stock authorized and 300,000 shares outstanding at December 31, 2020. The following events occurred during 2021: 31-Jan Declared 10%
Apple had 700,000 shares of common stock authorized and 300,000 shares outstanding at December 31, 2020. The following events occurred during 2021:
| 31-Jan | Declared 10% stock dividend | |
| 30-Jun | Purchased 100,000 shares | |
| 1-Aug | Reissued 50,000 shares | |
| 30-Nov | Declared 2-for-l stock split |
On December 31, 2021, how many shares of common stock did the corporation have outstanding?
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Management Accounting
Authors: Pauline Weetman
2nd Edition
0273718452, 978-0273718451
