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How many common shares issued

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Reference no: EM132493263

At January 1, 2021, Eddy Corporation had the following share capital:

$ 2 Preferred shares, noncumulative,

500,000 shares authorized, 1,000 shares issued $ 650,000

Common shares, 1,000,000 shares authorized,

10,000 shares issued 250,000

$ 900,000

Question 1: On February 16, 2021 the board of directors declared and paid a 10% common stock dividend. On July 31, 2021, the board declared a 3-for-1 stock split on the common stock. On its December 31, 2021 financial statements, Eddy Corporation will report how many common shares issued?

Reference no: EM132493263

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