Problem Facts Information related to the Sosa Company
for the year 2020:
Common Stock- As of the end of 2020, Sosa had 240,000
shares of common stock outstanding. The shares are due to the
following common stock transactions:
january 1, 2020 – 100,000 shares of common stock
outstanding
April 1, 2020 – issued an additional 50,000 shares for
cash
July 1, 2020 - issued a 2 for 1 stock split
September 1, 2020 – purchased 60,000 shares for
treasury stock...