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

question 117

Multiple Choice

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

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Definitions:

Sophisticated Technologies

Advanced and highly developed technologies that often offer superior performance, efficiency, or capabilities compared to more conventional technologies.

Greenfield Operation

The process of building a new business or facility from scratch in an area where no previous facilities exist, often in a foreign market.

Subsidiary Company

A company that is controlled by another company, known as the parent company or holding company.

Turnkey Operation

A business arrangement where a project or business is delivered in a complete and operational state.