How many shares of XYZ common stock were outstanding

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Question - XYZ Co. issued 100,000 shares of common stock. Of these, 5,000 were held as treasury stock at December 31, year 1. During year 2, transactions involving XYZ's common stock were as follows: May 3 1,000 shares of treasury stock were sold. August 6 10,000 shares of previously unissued stock were sold. November 18 A 2-for-1 stock split took effect. Laws in XYZ's state of incorporation protect treasury stock from dilution. At December 31, year 2, how many shares of XYZ's common stock were outstanding?

Reference no: EM133079068

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