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Homework answers / question archive / Early in 2020, Sporty corporation issued 150,000 common shares ($ 1 par value)
Early in 2020, Sporty corporation issued 150,000 common shares ($ 1 par value). During the year, the company purchased 20,000 of these shares as Treasury stock. After that, a 10% stock dividends was declared and distributed to shareholders.
At year end, a stock split of 1: 2 was approved and implemented by the company.
The number of issued shares at year end is...................
please help me before 15 min
Answer
Common Shares issued = 150,000
less treasury stock (20,000)
130,000
Add : 10 % stock dividend = + 13,000
143,000
Stock split 1 : 2 = 2 x 143,000 = 286,000 shares
No of shares at the end = 286,000 shares
