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What is the number of shares outstanding on december

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Question - On January 1, 2020, Addy Company had 110,000 shares issued and 100,000 shares outstanding. The entity had the following transactions in 2020:

March 1 - Issued 15,000 shares.

June 1 - Resold 2,500 shares of treasury.

September 1 Completed a 2-for-1 share split.

Required - What is the number of shares outstanding on December 31, 2020?

a. 230,000

b. 117,500

c. 250,000

d. 235,000

Reference no: EM133035393

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