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Webb Company Owns 90% of Jones Company

Question 61

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Webb Company owns 90% of Jones Company. The original balances presented for Jones and Webb as of January 1, 2013, are as follows: Webb Company owns 90% of Jones Company. The original balances presented for Jones and Webb as of January 1, 2013, are as follows:   Jones sells 20,000 shares of previously unissued shares of its common stock to outside parties for $10 per share. What is the new percent ownership of Webb in Jones after the stock issuance? A)  75%. B)  90%. C)  80%. D)  64%. E)  60%. Jones sells 20,000 shares of previously unissued shares of its common stock to outside parties for $10 per share.
What is the new percent ownership of Webb in Jones after the stock issuance?


A) 75%.
B) 90%.
C) 80%.
D) 64%.
E) 60%.

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