What is pod''s percentage ownership in sod


Pod Sod
Common Stock $10 par 5,000 2,200
Retained Earnings 2000 1000
Total 7,000 3200


If Pod purchases 30,000 shares directly from Sodd, what is Pod's percentage ownership in Sod after  the new shares acquired.

 

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Accounting Basics: What is pod''s percentage ownership in sod
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