Reference no: EM132891291
Nest Co. issued 100,000 shares of common stock (i.e., ordinary shares). Of these, 5,000 were held as treasury stock at December 31, 20x1. During 20x2, transactions involving Nest's common stock were as follows:
May 3 - 1,000 shares of treasury stock were sold.
August 6 - 10,000 shares of previously unissued stock were sold.
November 18 - a 2-for-1 stock split took effect.FINAL - ACT13 | M. MANAYAO, CPA 4
Question 1: Laws in Nest's state of incorporation protect treasury stock from dilution. At December 31, 20x2, how many shares of Nest's common stock were issued and outstanding?
Question 2: At December 31, 20x2, how many shares of Nest's common stock were issued?
a. 220,000
b. 200,000
c. 110,000
d. 100,000
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