At January 1, 2013, Jones Corporation had the following share capital: $2 Preferred shares, noncumulative, On February 16, 2013 the board of directors declared and paid a 10% common stock dividend. On July 31, 2013, the board declared a 3-for-1 stock split on the common stock. On its December 31, 2013 financial statements, Jones Corporation will report how many common shares issued?
A) 10,000
B) 11,000
C) 30,000
D) 33,000

Question

At January 1, 2013, Jones Corporation had the following share capital: $2 Preferred shares, noncumulative,  On February 16, 2013 the board of directors declared and paid a 10% common stock dividend. On July 31, 2013, the board declared a 3-for-1 stock split on the common stock. On its December 31, 2013 financial statements, Jones Corporation will report how many common shares issued?
A) 10,000 
B) 11,000 
C) 30,000 
D) 33,000

Quizplus · Accepted Answer

The Answer of At January 1, 2013, Jones Corporation had the following share capital: $2 Preferred shares, noncumulative,  On February 16, 2013 the board of directors declared and paid a 10% common stock dividend. On July 31, 2013, the board declared a 3-for-1 stock split on the common stock. On its December 31, 2013 financial statements, Jones Corporation will report how many common shares issued?
A) 10,000 
B) 11,000 
C) 30,000 
D) 33,000

At January 1, 2013, Jones Corporation Had the Following Share