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Initial sale price of common stock Hudson-Perry Recordings Inc has one issue of preferred stock and one issue of common stock outstanding. Given their
Initial sale price of common stock Hudson-Perry Recordings Inc has one issue of preferred stock and one issue of common stock outstanding. Given their stockholders' equity account that follows, determine the original price per share at which the firm sold its single issue of common stock. Stockholders' Equity ($000) Preferred stock $229 Common stock ($0.13 par, 1,410,000 shares outstanding) 183 Paid-in capital in excess of par on common stock 19,453 Retained earnings Total stockholders' equity 1,799 $21,664 The original price per share is $ (Round to the nearest cent.)
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