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A corporation has the following account balances: Common stock, $1 par value, $243,000; Paid-in Capital in Excess of Par Value, $1,254,000. Based on this information,
A corporation has the following account balances: Common stock, $1 par value, $243,000; Paid-in Capital in Excess of Par Value, $1,254,000. Based on this information, the
| A. | number of shares outstanding are 1,497,000. |
| B. | average price per share issued is $0.62. |
| C. | number of shares issued are 243,000. |
| D. | legal capital is $1,497,000. |
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Accounting Information Systems
Authors: Robert Hurt
4th Edition
78025885, 78025884, 9781259293795 , 978-0078025884
