New rich company was incorporated at the beginning of this

Reference no: EM13597403

New Rich Company was incorporated at the beginning of this calendar year. Its articles of incorporation authorized 500,000 share of common stock, of which 100,000 were issued immediately. On June 30, New Rich Company repurchased 10,000 share to be held as treasury stock. On September 30, it effected a 3-for-1 stock split. Consequently, the number of share outstanding at year-end was?

Reference no: EM13597403

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