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On January 1, 2023, Sheridan Ltd. had 588,000 common shares outstanding. During 2023, it had the following transactions that affected the common share account:
On January 1, 2023, Sheridan Ltd. had 588,000 common shares outstanding. During 2023, it had the following transactions that affected the common share account: Feb. 1 Issued 192,000 shares Mar. 1 Issued a 10% stock dividend May 1 Acquired 213,000 common shares and retired them June 1 Issued a 2-for-1 stock split Oct. 1 Issued 62,000 shares The company's year end is December 31.
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Financial Accounting
Authors: Walter T. Harrison, Charles T. Horngren
7th edition
0135012848, 978-0135012840
