Raha company had 420,000 ordinary shares authorized and 180,000 shares outstanding at the beginning of current year.    January 31 Declared 10% share dividend June 30 Purchased 60,000 shares August 1 Reissued 30,000 shares November 30 Declared 2-for-1 share split   How many ordinary shares are outstanding at year-end?

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 10Q: On April 2, West Company declared a cash dividend of $0.50 per share. There are 50,000 shares...
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Raha company had 420,000 ordinary shares authorized and 180,000 shares outstanding at the beginning of current year. 

 

January 31 Declared 10% share dividend
June 30 Purchased 60,000 shares
August 1 Reissued 30,000 shares
November 30 Declared 2-for-1 share split

 

How many ordinary shares are outstanding at year-end?    

 

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