Question
Calculating the Number of Shares Issued Castalia Inc. issued shares of its $3.50 par value common stock on September 4, 2013, for $9.45 per share.
Calculating the Number of Shares Issued
Castalia Inc. issued shares of its $3.50 par value common stock on September 4, 2013, for $9.45 per share. The Additional Paid-In CapitalCommon Stock account was credited for $464,100 in the journal entry to record this transaction.
Required:
How many shares were issued on September 4, 2013?
| shares |
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Financial Accounting For MBAs
Authors: Peter D. Easton, John J. Wild, Robert F. Halsey, Mary Lea McAnally
4th Edition
9781934319345
