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How many issued and outstanding shares did corporation have

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Problem - LTS Corporation's has authorized to issue 700,000 ordinary shares and 400,000 shares are issued and outstanding at December 31, 2019. The following events occurred during 2020:

January 1 - Board of Directors declared 10% Share Dividend.

Feb. 15 - Record date for the 10% share dividend.

March 15 - Payment date for the 10% share dividend.

March 30 - Purchased 100,000 shares.

April 1 - Reissued 50,000 shares.

May 15 - Declared 2-for-1 share split.

June 30 - Record date for the share split up.

Oct 31 - Payment date for the share split up.

Required - How many issued and outstanding shares did the corporation have at December 31, 2020?

Reference no: EM133044374

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