90. Seco Company was incorporatedon January 1, 2013. *80,00060,0005,000Jan. 2 Number of shares authorizedFeb. 1 Number of shares issuedJuly 1 Number of shares reacquired but not canceledDec. 1 Two-for-one share splitOn December 31, 2013, what is the number of shares outstanding?O A. 110,000O B. 115,000O C. 120,000O D. 150,000

1. Authorised shares are not outstanding. 2. Reacquired shares are not considered outstanding.…

Jan. 2 Number of shares authorized 80,000 60,000 Feb. 1 Number of shares issued Number of shares reacquired but not canceled July 1 Dec. 1 Two-for-one share split On December 31, 2013, what is the number of shares outstanding? 5,000

Jan. 2 Number of shares authorized 80,000 60,000 Feb. 1 Number of shares issued Number of shares reacquired but not canceled July 1 Dec. 1 Two-for-one share split On December 31, 2013, what is the number of shares outstanding? 5,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Question

90. Seco Company was incorporated
on January 1, 2013. *
80,000
60,000
5,000
Jan. 2 Number of shares authorized
Feb. 1 Number of shares issued
July 1 Number of shares reacquired but not canceled
Dec. 1 Two-for-one share split
On December 31, 2013, what is the number of shares outstanding?
O A. 110,000
O B. 115,000
O C. 120,000
O D. 150,000

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