Sam Company was incorporated on January 1, 2015 and provided the following information: Jan. 1 Number of shares authorized 100,000 Feb. 1 Number of shares issued 80,000 July. 1 Number of shares reacquired but not cancelled 10,000 Dec. 1 Two for one split On December 31, 2015, what is the number of ordinary shares outstanding?

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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21. Sam Company was incorporated on January 1, 2015 and provided the following information:
Jan. 1 Number of shares authorized 100,000
Feb. 1 Number of shares issued 80,000
July. 1 Number of shares reacquired but not cancelled 10,000
Dec. 1 Two for one split
On December 31, 2015, what is the number of ordinary shares outstanding? 

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