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Tju [1.3M]
2 years ago
9

The total number of shares of stock in the Bulls Corporation is 650,000. Mike owns 12% of the shares. How many shares of Bulls C

orporation stock does he own?
Business
1 answer:
NeTakaya2 years ago
6 0

Answer:

78 000

Explanation:

Total no. of shares of stock is 650 000

Mike owns 12% of 650 000

12% is 12 over 100 multiply by 650 000

12÷100×650 000

=78 000

Mike owns 78 000 shares of stock.

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Bonds payable                 Balance Sheet  272000  

Discount on Bonds payable  NA                NA                     NA  

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Interest to be paid ($272000 * 9.5%)                25840  

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Premium on Bonds payable Dr.                          3813  

       Cash Account                                                                 25306  

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