Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. cpa question 05 jones co. had 50,000 shares of $5

CPA Question 05 Jones Co. had 50,000 shares of $5 par value common stock outstanding...

80.2K

Verified Solution

Question

Accounting

CPA Question 05 Jones Co. had 50,000 shares of $5 par value common stock outstanding at January 1. On August 1, Jones declared a 5% stock dividend followed by a two-for-one stock split on September 1. What amount should Jones report as common shares outstanding at December 31?

50,000

105,000

100,000

52,500

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

How do picornaviruses achieve cell entry and how does this process differ from that used by...

General Management
1.2K views

please I want 600 word Study the comparative management in focus "communicating with Arabs" carefully and critically. What...

Biology
1.2K views

A 58-year old lawyer presents in the emergency room with headache, irritability, generalized muscle pain...

Physics
1.2K views

A battery of EMF 120 0 V is connected to a 38 0 ohm resistor...

Geometry
1.2K views

Find the surface area of the cylinder in terms of T 14 cm Not drawn...

Geometry
1.2K views

Find the value for z C 4 E 2 G 6 F 3 D

Basic Math
1.2K views

Wayne is hanging a string of lights 55 feet long around the three sides of...

Statistics
1.2K views

What is the difference between univariate data and bivariate data Choose the correct answer below...

Accounting
1.2K views

If I invest $41,000 today for 9 years and it grows to $113,693, what rate...

Accounting
1.2K views

Mortgage lenders base the mortgage interest rate they offer you on your credit rating. This...

Accounting
1.2K views

At the end of the current year, Accounts Receivable has a balance of $745,000; Allowance...

Accounting
1.2K views

Una empresa tiene un margen de seguridad del 25%, una relacin de margen de contribucin...