Question
A particular balance sheet includes the following information within the stockholders' equity section: Common stock, $5 par value $300,000 Paid-in capital in excess of par
A particular balance sheet includes the following information within the stockholders' equity section:
| Common stock, $5 par value | $300,000 |
| Paid-in capital in excess of par | 1,740,000 |
Assume that common stock is the only class of stock that has been issued and that there have been two issues of stock since the corporation began business. What is the average issue price per share of stock?
a. $34.00
b. $6.80
c. $5.00
d. $29.00
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Step: 1
Number of shares issue...
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College Accounting A Practical Approach
Authors: Jeffrey Slater
12th edition
978-0132772068, 133468100, 013277206X, 9780133468106, 978-0133133233
