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Gogalor Co. was incorporated on January 1, 2020. Upon inspection of its stock and transfer book, the following transactions affecting its shares were noted January
Gogalor Co. was incorporated on January 1, 2020. Upon inspection of its stock and transfer book, the following transactions affecting its shares were noted
January 1 | No. of shares authorized | 150,000 |
January 31 | Issued shares for cash | 60,000 |
March 15 | Issued shares for land | 30,000 |
August 10 | Reacquired shares but not retired | 15,000 |
December 30 | Five-for-one share split | |
On December 31, 2020, what is the number of shares outstanding?
Group of answer choices
225,000
255,000
375,000
435,000
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