ABC has 100 million common shares issued of which 70 million are outstanding. Pension fund XYZ owns

Fantastic news! We've Found the answer you've been seeking!

Question:

ABC has 100 million common shares issued of which 70 million are outstanding. Pension fund XYZ owns 20 million shares and Insurance company DEF owns 10 million shares. Calculate the public float.

70 million
100 million
30 million
40 million

Posted Date: Dec 09, 2021 03:06 PM

See More Questions

ABC Corp. issues 10 million shares of common stock and 20,000 shares of 8 percent preferred stock at $50 par. The corporation makes an annual profit of $10 million, and the board of directors...
XYZ Company had the following transactions related to ABC Company over a two-year period: Year 1 1. On January 1, XYZ purchased 35 percent ownership of ABC Company for $700,000 cash. 2. ABC Company...
ABC Company owns 40 percent of JMT Company and 95 percent of DEM Company. JMT pays a $80,000 dividend to ABC and DEM pays a $40,000 dividend to ABC in the current year. Assuming that ABC has...
At the end of Year 1, Clayton Company had $7,000 of cash, $8,500 land, $2,500 of liabilities, $4,000 of common stock, and $9,000 of retained earnings. During Year 2, Clayton experienced the following...
The five top Oklahoma state officials are displayed in Table 1.2 on page 12. Use that table to solve the following problems. In Table Five top Oklahoma state officials Governor (G) Lieutenant...
A scrambled list of accounts from the income statement and balance sheet of Belmond, Inc. is as follows: Inventory ................$ 6,500 Common stock .............. 45,000 Cash .....................
What are the three main objectives of any questionnaire?
VSOP, Inc., has a number of divisions that produce liquors, malt beverages, and glassware. The Glassware Division manufactures a variety of bottles that can be sold externally (to soft-drink and...
Newly formed S&J Iron Corporation has 196,000 shares of $6 par common stock authorized. On March 1, Year 1, S&J Iron issued 10,000 shares of the stock for $11 per share. On May 2, the company issued...
Jack Tasker opened his Auto Repair Shop in November 2023. The balance sheet at November 30, 2023, prepared by an inexperienced part-time bookkeeper, is shown below. Required Prepare a correct balance...
Amman company produces fax machines, and intervention in the manufacturing process piece Spare Parts X .The company needs to 100000 pieces or units annually. The company can buy a piece of the...
End to end, the Verrazano-Narrows and the George Washington bridges would span 7,760 ft. If the Verrazano-Narrows is the longer of the two New York structures by $760 \mathrm{ft}$, how long is it?
The Standard Oil and the Willis (Sears) Tower have a combined height of 2,590 ft. The Sears Tower is $318 \mathrm{ft}$ taller. What is the height of each of these Chicago towers?
How much antifreeze must be added to a gallon of $60 \%$ antifreeze to obtain an $80 \%$ mixture?
Find the optimum value for each objective function given in Problems 47-51. Minimize $K=6 x+18 y$ subject to the constraints of Problem 38. Data from problem 38 \(\left\{\begin{array}{l}x \geq 0 \\...
Given the matrices in Problems 28-31, perform elementary row operations to obtain a zero (or zeros) above and below the 1 in the second column without changing the entries in the first column....
1 . Calculate the acceleration of a car, if its speed changes from 0 0 m / / s ( at rest ) to 3 0 m / / s in 6 seconds. 2. A rock falls of a cliff. What is the acceleration due to gravity if the...
The manager for retail customers, Katie White, wants to hear your opinion regarding one business offer she has received from an entrepreneur who is starting a mobile phone app called Easy Money. The...
Mark and Sofia walk together down a long, straight road. They walk without stopping for 4 miles. At this point Sofia says their displacement during the trip must have been 4 miles; Mark says their...
Hicham El Guerrouj of Morocco holds the world record in the 1500 m running race. He ran the final 400 m in a time of 51.9 s. What was his average speed in mph over the last 400 m? A. 14.2 mph B. 15.5...
Luis is visiting a public garden that has a large, circular path. When he has walked one-quarter of the distance around the path, the magnitude of his displacement is 180 m. What is the diameter of...

ABC has 100 million common shares issued of which 70 million are outstanding. Pension fund XYZ owns

Question:

Expert Answer:

Solution The answer of above question is D ie 4... View the full answer

Students also viewed these accounting questions