Homework Answers
Answer
Share which are purchased for treasury are shares which are repurchased by company and will get reduced from outstanding shares therefore answer will be as follows:-
| Particulars | Date | No of shares |
| Opening Outstanding | 1-Jan | 60000 |
| Repurchased | 15-Feb | -2000 |
| Repurchased | 1-Jul | -1000 |
| Shares as on 30thsept | 57000 | |
| Share split Ratio | 1:3 | |
| New No. of O/s shares 57000 x 3 | 171000 |
Therefore Number of shares outstanding as on 31st december will be 171,000 shares.
Notes:-
1)However for your knowledge if before split Per share par value was For ex $10 then after split it will be $10/3=$3.33.
2)Shares repurchased will be Transferred to Treasury Account.
3)Dividend has no role in calcuating Number of shares.
4)Company has to increase its authorised shares also .
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