Question
Princess Hours Company had 80,000 ordinary shares outstanding in January 2020. The company distributed a 15% share bonus in March. After acquiring 10,000 shares in
Princess Hours Company had 80,000 ordinary shares outstanding in January 2020. The company distributed a 15% share bonus in March. After acquiring 10,000 shares in November, the company split its shares 1-for-4 in December. How many ordinary shares are outstanding as of December 31, 2020?
A. 13,000
B. 23,000
C. 328,000
D. 20,500
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Financial Accounting an introduction to concepts, methods and uses
Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis
13th Edition
978-0538776080, 324651147, 538776080, 9780324651140, 978-0324789003
