Rudd Corp. had 700,000 shares of common stock authorized and 300,000 shares outstanding at December 31,...
Rudd Corp. had 700,000 shares of common stock authorized and 300,000 shares outstanding at December 31, Year 3. The following events occurred during Year 4:
|
January 31 |
Declared 10% stock dividend |
|
June 30 |
Purchased 100,000 shares |
|
August 1 |
Reissued 50,000 shares |
|
November 30 |
Declared 2-for-1 stock split |
At December 31, Year 4, how many shares of common stock did Rudd have outstanding?
Homework Answers
Calculate Common Stock outstanding
| Outstanding share | 300000 |
| Jan 31 (300000*10%) | 30000 |
| Treasury Stock | -100000 |
| reissued | 50000 |
| Stock split (280000*1) | 280000 |
| Total Common Stock outstanding | 560000 |
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Rudd Corp. had 700,000 shares of common stock authorized and
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