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A corporation has the following account balances: Common stock, $1 par value, $20,000; Paid-in Capital in Excess of Par Value, $900,000. Based on this information,
A corporation has the following account balances: Common stock, $1 par value, $20,000; Paid-in Capital in Excess of Par Value, $900,000. Based on this information, the
| A. | legal capital is $920,000. | |
| B. | number of shares issued are 20,000. | |
| C. | number of shares outstanding are 920,000. | |
| D. | average price per share issued is $4.60. |
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