Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

At the beginning of the year a business had an authorized share capital of 5,000,000.0 shares of which 775,000.0 were issued and are outstanding. The

At the beginning of the year a business had an authorized share capital of 5,000,000.0 shares of which 775,000.0 were issued and are outstanding.

The business issues an extra 125,000.0 to raise finance during the period.

The business conducted a buy back of 55,000.0 shares during the period to fulfil employee share options.

What is the outstanding number of shares at the period end?

Select one:

70,000.0

845,000.0

5,070,000.0

955,000.0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting For Non Specialities

Authors: Peter Atrill, Eddie McLaney

2nd Edition

0139833625, 9780139833625

More Books

Students also viewed these Accounting questions

Question

Why must factories that use JIT production have reliable suppliers?

Answered: 1 week ago