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nikdorinn [45]
3 years ago
8

Jones Co. had 50,000 shares of $5 par value common stock outstanding at January 1.

Business
1 answer:
koban [17]3 years ago
6 0

Answer:

The correct option is B,105,000 common shares

Explanation:

The number of shares that Jones Co. has outstanding at 31 December is calculated thus:

Shares at the beginning of the year                    50,000

Stock dividend of 5%(5%*50000)                         2,500

Total  at this point                                                  52,500

2:1 stock split 2/1*52500                                       105,000

The common shares were reorganized in such a way that 2 shares were given to shareholder currently  holding one share,in other words, the number of shares outstanding in the company doubled.

But it is important that this arrangement does not change the equity stake of individuals in the company as the percentage shareholding remains the same

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3 years ago
Which of the following best describes the purpose of making an investment
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b.) to use money to make more money

Explanation:

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3 0
3 years ago
Suppose that over the past year, the real interest rate was 3 percent, the cpi was 126.2 at the beginning of the year, and the c
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A is the answer of these questions you had ask....
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3 years ago
To spur trade, four South American countries decide there will be no barriers to trade between the countries, agree on a common
Dmitriy789 [7]

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6 0
3 years ago
An electrician charges $50 to make a house call and $40 for each hour worked. if you have $200, can you afford a repair that tak
Neporo4naja [7]
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On top of that, calling the electrician is a flat rate of $50. In total, it would cost $210. 

More mathematically, you could set up an equation. 

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3 years ago
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