ABC IncBegan Business on January 1,2014

question 93

Multiple Choice

ABC Inc.began business on January 1,2014.Due to difficulties in getting the business started,30 common shares were issued on January 1,2014 to the organizers and 15 additional shares were sold on that date.The company wanted the market to hear about the shares.Therefore,the following share transactions were implemented during the year 2014: February 1: 2 for 1 stock split
April 1: 10 percent stock dividend
August 1: 5 for 1 stock split
December 1: 2 for 1 reverse stock split
The weighted average number of shares outstanding for 2014 was: (Rounded to the nearest whole number)

• A) 64 shares.
• B) 146 shares.
• C) 180 shares.
• D) 248 shares.

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Definitions:

Elderly Person

An individual of advanced age, typically someone who is retired from work and over the age of 65.

Transition Periods

Phases in life or processes during which significant change occurs, transitioning from one state to another.

Generativity

A concern for establishing and guiding the next generation, often expressed through parenting or contributions to society.

Ego Integrity

A sense of wholeness and fulfillment achieved in old age, reflecting back on life with a sense of completeness and satisfaction, according to Erik Erikson's stages of psychosocial development.