Question
A firm had common stock ($0.80 in par value) of $200,000 in 2017, and common stock ($0.80 in par value) of $360,000 in 2018. The
A firm had common stock ($0.80 in par value) of $200,000 in 2017, and common stock ($0.80 in par value) of $360,000 in 2018. The same firm had capital surplus (or additional paid-in capital) of $3,500,000 in 2017, and $5,700,000 in 2018. What was the price an individual share (i.e. one share) was sold in 2017?
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Principles Of Managerial Finance
Authors: Lawrence J Gitman, Chad J Zutter
7th Edition
0133546403, 9780133546408
