Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Queenie Corporation was incorporated on January 2, 2019. The following information pertaining to Queenie's ordinary share transactions: 01/02/19number of shares authorizedP80,000 02/01/19number of shares issued60,000
Queenie Corporation was incorporated on January 2, 2019. The following information pertaining to Queenie's ordinary share transactions:
01/02/19number of shares authorizedP80,000
02/01/19number of shares issued60,000
07/01/19number of shares reacquired but not canceled5,000
12/01/19 two-for-one share split
What is the number of Queenie Corporation's ordinary share outstanding at December 31, 2019?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started