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The following information is available for Nablus Corporation: # Common Shares: January 1, 2019 Shares outstanding (Beginning) 1,250,000 April 1, 2019 Shares issued 200,000 July
The following information is available for Nablus Corporation: # Common Shares: January 1, 2019 Shares outstanding (Beginning) 1,250,000 April 1, 2019 Shares issued 200,000 July 1, 2019 Treasury shares purchased (75,000) October 1, 2019 Shares dividend 20% December 31, 2019 Shares issued 10,000 ** Preference Shares:10%, $100, 1,000 shares issued ** Net Income for the year 2019: $2,500,000 **Dividends per common shares $1 per share, **Market price for common shares at December 31, 2019 $9.5 per share. Compute: Total number of outstanding shares at December 31, 2019 o 1,500,000 . 1,650,000 @ 1,600,000 O 1,660,000
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