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A company's balance sheet reports the following information in the stockholder's equity section. Common Stock, $1 par value $100,000 Paid-in capital in excess of par
A company's balance sheet reports the following information in the stockholder's equity section.
Common Stock, $1 par value $100,000
Paid-in capital in excess of par value $850,000
This info can be used to estimate the average price at which the common stock
A. was sold to investors by the company
'B. has traded during the period covered by the statement
C. can be reacquired from its current owners as of the date of the statement
D. will be used to satify creditors if the company is liquidated
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