ABC Company was incorporated on January 1,2021. The following are the ordinary share transactions during the year: Jan. 1 number of shares authorized 80,000 Feb. 2 number of shares issued 60,000 June 1 number of shares reacquired but not retired 5,000 Dec 1 2 for 1 share split What is the number of ABC Corp.’s ordinary share outstanding at December 31, 2020? 150,000 110,000 120,000 115,000
ABC Company was incorporated on January 1,2021. The following are the ordinary share transactions during the year: Jan. 1 number of shares authorized 80,000 Feb. 2 number of shares issued 60,000 June 1 number of shares reacquired but not retired 5,000 Dec 1 2 for 1 share split What is the number of ABC Corp.’s ordinary share outstanding at December 31, 2020? 150,000 110,000 120,000 115,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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ABC Company was incorporated on January 1,2021. The following are the ordinary share transactions during the year:
Jan. 1 number of shares authorized 80,000
Feb. 2 number of shares issued 60,000
June 1 number of shares reacquired but not retired 5,000
Dec 1 2 for 1 share split
What is the number of ABC Corp.’s ordinary share outstanding at December 31, 2020?
Jan. 1 number of shares authorized 80,000
Feb. 2 number of shares issued 60,000
June 1 number of shares reacquired but not retired 5,000
Dec 1 2 for 1 share split
What is the number of ABC Corp.’s ordinary share outstanding at December 31, 2020?
150,000
110,000
120,000
115,000
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