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Please show solution/explanation. Cebedo Corp. issued 100,000 ordinary shares. Of these, 5,000 were held as treasury stock at Dec. 31, 2015. During 2016, transactions involving
Please show solution/explanation. Cebedo Corp. issued 100,000 ordinary shares. Of these, 5,000 were held as treasury stock at Dec. 31, 2015. During 2016, transactions involving Cebedo's ordinary shares were as follows: May 3 1,000 shares of treasury stock were sold. Aug. 6 10,000 shares of previously unissued share were sold. Nov. 18 A 2-for-l share split took effect. At Dec. 31, 2016, how many ordinary shares are issued and outstanding
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