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Rudd Corp. had 700,000 shares of common stock authorized and 300,000 shares outstanding at December 31, Year 3. The following events occurred during Year 4:
Rudd Corp. had 700,000 shares of common stock authorized and 300,000 shares outstanding at December 31, Year 3. The following events occurred during Year 4:
January 31 | Declared 10% stock dividend |
June 30 | Purchased 100,000 shares |
August 1 | Reissued 50,000 shares |
November 30 | Declared 2-for-1 stock split |
At December 31, Year 4, how many shares of common stock did Rudd have outstanding?
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