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Ryan Company Owns 80% of Chase Company

Question 108

Multiple Choice

Ryan Company owns 80% of Chase Company. The original balances presented for Ryan and Chase as of January 1, 2011, are as follows:
Ryan Company owns 80% of Chase Company. The original balances presented for Ryan and Chase as of January 1, 2011, are as follows: Assume Chase issues 30,000 additional shares common stock solely to Ryan for $12 per share. What is the new percent ownership Ryan owns in Chase? A) 80.0%. B) 87.5%. C) 90.0%. D) 75.0%. E) 82.5%.
Assume Chase issues 30,000 additional shares common stock solely to Ryan for $12 per share.
What is the new percent ownership Ryan owns in Chase?


A) 80.0%.
B) 87.5%.
C) 90.0%.
D) 75.0%.
E) 82.5%.

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