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Holliday Corporation reports the following on January 1: 500.000 shares of $10 par value common stock authorized and 80.000 shares of $10 par value common
Holliday Corporation reports the following on January 1: 500.000 shares of $10 par value common stock authorized and 80.000 shares of $10 par value common stock outstanding, originally issued at $12 per share. On June 1. Holliday issued an additional 20.000 shares of its common stock at $15 per share. On November 30. Holliday reacquired 6.000 shares of its common stock for $17 per share. On December 1, a 10% stock dividend was distributed. On the last day of the year. 3,000 shares of treasury stock were reissued, at a price of $25 per share. Following these transactions, the number of shares issued and the number of shares outstanding is: # of shares issued # of shares outstanding 500.000:497.000 100.000:97.000 109.400:106.400 110.000:94.000 109.400:109.400
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