Question
A corporation has the following account balances: Common Stock, $2 par value, $40,000; Paid-in Capital in Excess of Par Value, $1,800,000. Based on this information,
A corporation has the following account balances: Common Stock, $2 par value, $40,000; Paid-in Capital in Excess of Par Value, $1,800,000. Based on this information, the
| a. legal capital is $1,840,000. | ||
| b. number of shares issued is 40,000. | ||
| c. number of shares outstanding is 1,840,000. | ||
| d. average price per share issued is $92. |
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Financial Accounting
Authors: Robert K. Eskew, Daniel L. Jensen
5th Edition
0070213550, 978-0070213555
