At January 1, the beginning of the year, a company had 10,000 common shares outstanding. On February 19, the company issued 2,000 shares; and on September 9, the company declared and distributed a 10% stock dividend. At the end of the year, how many common shares are outstanding? O 13,200 O 12,000 O 13,000 O 11,000 Armstrong Corporation has the following shareholders' equity on December 31, 2021: $570000 Shareholders' equity Share capital $10 convertible preferred shares, 10,000 shares authorized, 5000 shares issued Common shares, 200,000 shares authorized, 90000 shares issued Total share capital Retained earnings Total shareholders' equity 1800000 2370000 450000 $2820000 If 10000 common shares were reacquired for $24 per share, the journal entry to record the transaction would O credit Contributed Surplus-Reacquisition of Shares for $40000. O credit Retained Earnings for $40000. O debit Common Shares for $200000. O credit Common Shares for $240000. Which of the following statements apply to discontinued operations? 1. The operations and cash flows have been (or will be) eliminated from the ongoing operations of the company as a result of the disposal transaction. 2. The company must report the profit (loss) and gain (loss) on discontinued operations net of the applicable taxes. 3. Assets (net of any related liabilities) that are held for sale as discontinued operations are valued and reported on the balance sheet at the lower of their carrying amount and fair value (less any anticipated costs of selling). 1 and 2 O2 and 3 1 and 3 O 1, 2 and 3