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CPA Question 05 Jones Co. had 50,000 shares of $5 par value common stock outstanding...

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Accounting

CPA Question 05 Jones Co. had 50,000 shares of $5 par value common stock outstanding at January 1. On August 1, Jones declared a 5% stock dividend followed by a two-for-one stock split on September 1. What amount should Jones report as common shares outstanding at December 31?

50,000

105,000

100,000

52,500

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