Question
A corporation has the following account balances: Common Stock, $1 par value, $90000; Paid-in Capital in Excess of Par Value, $2540000. Based on this information,
A corporation has the following account balances: Common Stock, $1 par value, $90000; Paid-in Capital in Excess of Par Value, $2540000. Based on this information, the
a. legal capital is $2630000.
b. number of shares outstanding is 2630000.
c. number of shares issued is 90000.
d. average price per share issued is $2.92
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Financial Accounting an introduction to concepts, methods and uses
Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis
13th Edition
978-0538776080, 324651147, 538776080, 9780324651140, 978-0324789003
