Question
The Last Whale, Corp. reported the following information from the Stockholders Equity section of their balance sheet as of June 1, 2021: Common Stock: $300
The Last Whale, Corp. reported the following information from the Stockholders Equity section of their balance sheet as of June 1, 2021: Common Stock: $300 ($0.01 par value; 980,000 shares authorized, 30,000 shares issued and outstanding as of 6/1/21); Additional Paid-in Capital: $124,633; Retained Earnings: $90,245
During the June 2021, The Last Whale completed these transactions that affected Stockholders Equity:
- On June 2nd, issued 1,900 shares of Common Stock for $25 per share.
- On June 5th, declared a cash dividend of $0.25 per common share, payable to all stockholders of record on June 10th.
- On June 18th, paid the cash dividend declared on June 5th.
- On June 20th, issued 2,400 shares of Common Stock for $30 per share.
- On June 28th, reacquired 3,600 shares of common stock as Treasury Stock, paying $32 per share.
The number of shares of Common Stock that would be outstanding as of June 30, 2021 would be:
Group of answer choices
30,000
26,400
37,900
30,700
34,300
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