ABC Corp
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ABC Corp. was incorporated on January 2, 2020. The following pertains to ABC's ordinary share transactions during the year.
Jan. 1 Number of shares authorized 80,000
Feb. 1 Number of shares issued 60,000
Jul. 1 Number of shares reacquired but not cancelled 5,000
Dec. 1 Two-for-one share split
What is the number of ABC Corp.'s ordinary share outstanding at December 31, 2020?Required to answer. Single choice.
(1 Point)
150,000
120,000
115,000
110,000
Option 1
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