Homework Answers
| Date | Particulars | No. of shares |
| Jan 1, 2020 | Shares at beginning (A) | 40,800 |
| = 40800 * 12/12 | ||
| Mar 1, 2020 | Shares Issued (B) | 17,000 |
| = 20400 * 10/12 | ||
| Jul 1, 2020 | Shares repurchased and cancelled ©. | 10,200 |
| = 20400 * 6/12 | ||
| Dec 31, 2020 | Shares Outstanding at year end (A+B-C) | 47,600 |
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Labonte Limited had 40,800 common shares outstanding on January 1, 2020. On March 1, 2020, Labonte...
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Question#2:
Ivanhoe Corporation began its latest fiscal year on January 1, 2021, with 500,000 common shares outstanding. During the year, the following events occurred: • On February 1, Ivanhoe sold 13,800 additional common shares. • The company declared and issued a 25% stock dividend on March 1. • On June 1, Ivanhoe repurchased and cancelled 3,450 common shares. An additional 4,600 common shares were issued on July 1. • On September 1, Ivanhoe declared and issued a three-for-one stock split....
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Question#2:
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