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Penguins Inc. issues 5,000 shares of no par value common stock for $20 per share. It reacquires 1,000 shares for $17 per share. After the
- Penguins Inc. issues 5,000 shares of no par value common stock for $20 per share. It reacquires 1,000 shares for $17 per share. After the reacquisition of the shares, it announces a 3 for 2 stock split. After the stock split, the company declares a $1 per share dividend. What is the total number of shares outstanding at the end of the year?
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Activity Accounting An Activity-Based Costing Approach
Authors: James A. Brimson
1st Edition
0471196282, 978-0471196280
