Question
On December 31, 2020, Springtime Factories Inc. showed the following equity: Contributed capital: Common shares, 250,000 shares authorized, $560,000 15,000 shares issued and outstanding Retained
On December 31, 2020, Springtime Factories Inc. showed the following equity:
| Contributed capital: | |
|---|---|
| Common shares, 250,000 shares authorized, | $560,000 |
| 15,000 shares issued and outstanding | |
| Retained earnings | 150,000 |
On January 2, 2021, the company declared and distributed a 3:1 share split. Required:
Calculate the number of shares issued and outstanding after the share split. Please enter a two decimal answer (ex: 100.00) without any special characters.
Answer:
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IT Audit Control And Security
Authors: Robert R. Moeller
1st Edition
0471406767, 9780471406761
