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Retirement of shares Multiple Choice O Is accounted for like SPLIT shares Reduces the number of issued shares and is permissible under law if the interest of the shareholders is not jeopardized All of these Reduces the number of issued shares N Is not permissible under law if the interest of the shareholders is not jeopardized

Retirement at shares Multise chose Is acceunted for like sput shares All of these Rectuces the number of issued shares: Is not permasible under law d the interest of the sharehoiders is not jeopardized The equity section from the December 31, 2020 balance sheet of Kentucky Corporation appeared as follows: The following transactions occurred during 2021 (assume the retirements were the first ever recorded by Kentucky) Jan: 5.A.\$1,40 per share cash dividend was declared, and the date of record was five days later. Mar. 201,500 common shares were repurchased and retired at $20.30 per share. Apr. 5 A 51,00 per share cash dividend was declared, and the date of record was five days later. July 5 A $2,40 per share cash dividend was declared, and the date of record was five days later. 3uty 91 A 20 , 008 share dividend was dectared then the earket value was $38.00 per share. Aug. 14 the share dividend was issued. Oct. 5 A $1.90 per share cash dividend was declared, and the date of record was. five days later. Required: 1. How many shares were outstanding on each of the cash dividend dates

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