Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. holliday corporation reports the following on janu

Holliday Corporation reports the following on January 1: 500.000 shares of $10 par value common...

90.2K

Verified Solution

Question

Accounting

image

Holliday Corporation reports the following on January 1: 500.000 shares of $10 par value common stock authorized and 80.000 shares of $10 par value common stock outstanding, originally issued at $12 per share. On June 1. Holliday issued an additional 20.000 shares of its common stock at $15 per share. On November 30. Holliday reacquired 6.000 shares of its common stock for $17 per share. On December 1, a 10% stock dividend was distributed. On the last day of the year. 3,000 shares of treasury stock were reissued, at a price of $25 per share. Following these transactions, the number of shares issued and the number of shares outstanding is: # of shares issued # of shares outstanding 500.000:497.000 100.000:97.000 109.400:106.400 110.000:94.000 109.400:109.400

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students