Question
Dayron Company had 80,000 ordinary shares outstanding in January of currentyear. The entity distributed a 15% share dividend in March and a 10% share dividend
Dayron Company had 80,000 ordinary shares outstanding in January of currentyear. The entity distributed a 15% share dividend in March and a 10% share dividend inJune. After acquiring 10,000 shares of treasury in July, the entity split the share 4 for 1in December.How many ordinary shares are outstanding at year-end?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Managerial Accounting Tools For Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell
9th Edition
111970958X, 9781119709589
