What is the number of abc corp ordinary share outstanding

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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

Problem 1: What is the number of ABC Corp.'s ordinary share outstanding at December 31, 2020?

Option 1: 150,000

Option 2: 120,000

Option 3: 115,000

Option 4: 110,000

Reference no: EM132721879

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