Reference no: EM132718762
Algarica Corp. issued 100,000 ordinary shares. Of these, 5,000 were held as treasury shares at December 31, 2019. During 2020, transactions involving Algarica's ordinary shares were as follows:
May 3 1,000 treasury shares were sold.
August 6 10,000 of the previously unissued shares were sold.
November 16 A 2-for-1 share split took effect.
Problem 1: At December 31, 2014, how many ordinary shares were issued and outstanding?
Shares Issued Shares Outstanding Shares Issued Shares Outstanding
a. 220,000 212,000 c. 222,000 214,000
b. 220,000 216,000 d. 222,000 218,000
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