ABC Company, a restaurant that serves Thailand-style fried chicken, was authorized by the SEC to issue 50,000 shares. Of that number, they were able to issue 27,000 shares. Integrity owns 9,180 shares, while Honesty owns 6,750 shares. Both of them were not given pre-emptive rights. ABC Company issued 15,300 additional shares. After the new issuance, what is the new percentage ownership by Honesty (round off your answer to two decimal places)?
ABC Company, a restaurant that serves Thailand-style fried chicken, was authorized by the SEC to issue 50,000 shares. Of that number, they were able to issue 27,000 shares. Integrity owns 9,180 shares, while Honesty owns 6,750 shares. Both of them were not given pre-emptive rights. ABC Company issued 15,300 additional shares. After the new issuance, what is the new percentage ownership by Honesty (round off your answer to two decimal places)?
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 4PA: Wingra Corporation was organized in March. It is authorized to issue 500,000 shares of $100 par...
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ABC Company, a restaurant that serves Thailand-style fried chicken, was authorized by the SEC to issue 50,000 shares. Of that number, they were able to issue 27,000 shares. Integrity owns 9,180 shares, while Honesty owns 6,750 shares. Both of them were not given pre-emptive rights. ABC Company issued 15,300 additional shares.
After the new issuance, what is the new percentage ownership by Honesty (round off your answer to two decimal places)?
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