Question: ( LO 7 . 1 ) Jason bought 4 6 , 0 0 0 shares of CTB Inc. on January 1 2 , 2 0

(LO 7.1) Jason bought 46,000 shares of CTB Inc. on January 12,2022. At that time, CTB Inc. had 2 million common shares outstanding. Calculate the portion of CTB Inc. that Jason owns.a.2.3 percentb. 1.4 percentc. 6.0 percentd. 1.5 percent

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

need this complete please and thank you. Drs. Glenn Feltham and David Ambrose began operations of their physical therapy clinic, called Northland Physical Therapy, on January 1, 2017. The annual...

Q:

3 . Dulcinea Corporation had $ 1 , 2 5 0 , 0 0 0 of net income in 2 0 2 3 . On January 1 , 2 0 2 3 , there were 2 3 5 , 0 0 0 shares of common stock outstanding. On April 1 , there were 1 0 , 0 0 0...

Q:

Drs. Glenn Feltham and David Ambrose began operations of their physical therapy clinic, called Northland Physical Therapy, on January 1, 2017. The annual reporting period ends December 31. The trial...

Q:

Drs. Glenn Feltham and David Ambrose began operations of their physical therapy clinic, called Northland Physical Therapy, on January 1, 2017. The annual reporting period ends December 31. The trial...

Q:

Drs. Glenn Feltham and David Ambrose began operations of their physical therapy clinic, called Northland Physical Therapy, on January 1, 2017. The annual reporting period ends December 31. The trial...

Q:

Please help me Find and Correct the errors in the journal ledger and trial balance!! I am so struggling! Thank you! The exercise below, involving a journal, ledger, and trial balance, has errors in...

Q:

The capital account for Autumn Chou, including an additional investment, and a partial work sheet are shown below. REQUIRED Prepare a statement of owner'sequity. GENERAL LEDGER ACCOUNT: Autumn Chou,...

Q:

1. Jason bought 30,000 shares of CTB Inc. on January 12, 2013. At that time, CTB Inc. had 2 million common shares outstanding. Calculate the portion of CTB Inc. that Jason owns. a. 2.3 percent b. 1.4...

Q:

I need help for those question . E4.16 E18.4 E19.7 P22.4 E23.4 E18.10 E22.10 CHAPTER 4 EXERCISES: SET B E4-1B The trial balance columns of the worksheet for Lamar Company at June 30, 2017, are as...

Q:

n Layout References Mailing Review View Tell me Business Organization Problems Agency and Sole Proprietorships 1. Finn learns that, despite his stellar record, he is being paid less than other...

Q:

Ammir, Ammar and Ammira have been in partnership business of 3A for several years. They share profits and losses in the ration 2:2:1. Below is the balance extracted from the books of 3A as at 31...

Q:

Horizon Solutions Inc. is considering the purchase of automated machinery that is expected to have a useful life of five years and no residual value. The average rate of return on the average...

Q:

Question 1 The average length of the menstrual cycle is days. 1 6 1 9 2 1 2 8 3 5

Q:

Determine the major differences between U.S. GAAP and IFRS disclosure reporting requirements related to each separately reportable operating segment. Next, give your opinion as to whether either U.S....