Question
A year-end balance sheet includes the following information for Owners' Equity: Common stock (100,000 shares issued, 90,000 shares outstanding) $ 50,000 Additional paid-in capital 675,000
A year-end balance sheet includes the following information for Owners' Equity:
Common stock (100,000 shares issued, 90,000 shares outstanding) $ 50,000
Additional paid-in capital 675,000
Retained earnings 275,000
Less: Treasury stock (10,000 shares) (290,000)
Assuming all shares were issued on the same date, what price per share did investors pay to purchase shares of this company?
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Financial Accounting
Authors: Kermit D. Larson, William W. Pyle
4th Edition
0256067813, 978-0256067811
