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Alphabet (formerly Google) issued common stock at IPO in 2004 and since then has not issued any shares. A private investor, Pete Marsh, bought 100
Alphabet (formerly Google) issued common stock at IPO in 2004 and since then has not issued any shares. A private investor, Pete Marsh, bought 100 common shares via a stock-broker for $1090 per share last month. The par value of Alphabets common stock is $1 per share. What is the effect of Petes stock purchase on the contributed capital of Alphabet?
$108,900 | ||
$109,000 | ||
$100 | ||
zero |
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