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AWE Corporation was incorporated on January 1 of the current year. On January 2, the corporation issued 4,000 Class A common shares for $1.50 each
AWE Corporation was incorporated on January 1 of the current year. On January 2, the corporation issued 4,000 Class A common shares for $1.50 each ($6,000 total and 2,500 Class B preferred shares for $6 each ($15,000 total). On September 1 of the current year, AWE Corporation issued another 3,500 Class A common shares for $4.50 each ($15,750 total). Assuming these are the only share transactions during the current year, which of the following is the correct amount of Paid Up Capital for each Class A common share of AWE Corporation on December 31 of the current year? Choose the correct answer. (Round your answer to the nearest cent.) A. $1.59 OB. $4.50 OC. $2.90 OD. $1.71
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