Please refer to Table 3-1 for the following questions.
Table 3-1
Jones Company
Financial Information

-Based on the information in Table 3-1,assuming that no common stock was repurchased during the year,the firm issued how much new common stock during 2010?
A) $500
B) $1,000
C) $1,500
D) $2,000

Question

Please refer to Table 3-1 for the following questions.
Table 3-1
Jones Company
Financial Information
 
-Based on the information in Table 3-1,assuming that no common stock was repurchased during the year,the firm issued how much new common stock during 2010?
A) $500 
B) $1,000 
C) $1,500 
D) $2,000

Quizplus · Accepted Answer

The firm issued $1,500 of new common stock during 2010. This is calculated by taking the difference between the ending and beginning common stock balances, which is $2,000 - $500 = $1,500.

Please Refer to Table 3-1 for the Following Questions