Reference no: EM132718760
Bistado Corp. has 700,000 ordinary shares authorized to be issued and 300,000 shares outstanding at December 31, 2013. The following transactions occurred in 2014:
Jan. 31 Declared a 10% share dividend.
June 30 Purchased 100,000 ordinary shares
Aug. 1 Reissued 50,000 treasury shares
Nov. 30 Declared a 2-for-1 share split.
Problem 1: At December 31, 2014, how many outstanding shares did Bistado Corp. have?
a. 560,000 b. 600,000 c. 630,000 d. 660,000
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