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How many ordinary shares were issued and outstanding

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Problem - Teppei Company issued 100,000 ordinary shares. Of these, 5,000 shares were held as treasury on December 31, 2013. During 2014, transactions involving ordinary shares were as follows:

May 1 1,000 shares of treasury were sold.

Aug 1 10,000 previously unissued shares were sold.

Nov 1 A 2-for-1 share split took effect.

Required - On December 31, 2014, how many ordinary shares were issued and outstanding, respectively?

Reference no: EM132875708

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