Normally I don't have a problem with Q like this but this one sort of puzzled me.
Seco Corp. was incorporated on January 2, year 1. The following information pertains to Seco’s common stock transactions:
year 1
January 2 Number of shares authorized 80,000
February 1 Number of shares issued 60,000
July 1 Number of shares reacquired but not canceled 5,000
December 1 2-for-1 stock split
At December 31, year 1, the number of shares of Seco’s common stock outstanding is
120,000
110,000
150,000
115,000