A firm has 1,330,000 authorized shares, 510,000 issued shares, and 330,000 outstanding shares before completing a...
A firm has 1,330,000 authorized shares, 510,000 issued shares, and 330,000 outstanding shares before completing a stock split. The shares have a par value of $0.04. The firm completes a reverse 2-to-1 split. How many shares does the firm have in treasury stock after the stock split?
Homework Answers
Total Shares : 1,330,000
Issued shares : 510,000
Outstanidng No of shares : 330,000/- Nos
Treasury shares before split : 180,000 = (510,000- 330,000)
Shares issued in Split ratio of 2:1 : (330,000/2) = 165,000 Nos of shares
Tresury shares after split = 180,000 - 165,000 = 15,000 .
Number of shares in treasury stock after stock split :
Definition of treasury stock :
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