Tangerine, Inc. has 1,000,000 shares of common equity issued and outstanding. The shares were issued...
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Tangerine, Inc. has 1,000,000 shares of common equity issued and outstanding. The shares were issued for $20 per share, and have a par value of $0.25 per share. These shares were issued on January 1, 2017. Tangerine recorded the following activity during 2017: On June 17, repurchased 600,000 at $17 per share. On November 4, reissued 250,000 shares from treasury at $15 per share. On December 22, declared a 3-for-2 stock split. Complete the following table. December 22 November 4 June 17 January 1 Date Number of shares Issued shares Outstanding shares Treasury shares Book values Common stock APIC Treasury stock
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