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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? A. 150,000 B. 110,000 C. 120,000 D. 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? A. 150,000 B. 110,000 C. 120,000 D. 115,000

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 5MC: Kent Corporation was organized on January 1, 2014. On that date, it issued 200,000 shares of 10 par...
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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?

A. 150,000
B. 110,000
C. 120,000
D. 115,000
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