Solution-What is the number of outstanding shares at the

What is the number of outstanding shares at the end of year

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Reference no: EM133012988

Question - OUTSTANDING SHARES - The following share capital transactions were reported by X Company:

a. At the start of the year, X issued 200,000 ordinary shares at 120% of P100 par value.

b. X subsequently acquired 50,000 shares at 10% above par.

c. Before the end of the year, X declared 20% share dividend when the selling price was 20% above par.

d. Towards the end of the year, X declared stock splt of 5 for every 1 share.

e. At the end of the year, X retired 50,000 shares in treasury shares..

Required -

1. Journalize the above transactions?

2. What is the number of outstanding shares at the end of the year?

Reference no: EM133012988

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What is the number of outstanding shares at the end of year

Reference no: EM133012988

Reference no: EM133012988

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