Question
A firm has balance sheet accounts indicating the following: common stock = $40,000; paid in capital in excess of par on common = $600,000; preferred
A firm has balance sheet accounts indicating the following: "common stock" = $40,000; "paid in capital in excess of par on common" = $600,000; "preferred stock" = $100,000; "retained earnings" = $750,000. The firm has 40,000 common shares outstanding. Given that information, the single issue of common stock originally sold for:
| a. | $12.50 per share | |
| b. | $13.50 per share | |
| c. | $16.00 per share | |
| d. | $34.75 per share |
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Finance At 40 Financial Intelligence
Authors: MOIRA O'NEILL Moira O'Neill
1st Edition
1408101114, 978-1408101117
