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Precision Builders construction company was incorporated by Chris Stoscheck. Assume the following activities occurred during the year: Received from three investors $ 6 0 ,
Precision Builders construction company was incorporated by Chris Stoscheck. Assume the following activities occurred during the year:
Received from three investors $ cash and land valued at $; each investor was issued shares of common stock with a par value of $ per share.
Purchased construction equipment for use in the business at a cost of $; onefourth was paid in cash and the company signed a note for the balance due in six months
Lent $ to one of the investors, who signed a note due in six months.
Chris Stoscheck purchased a truck for personal use; paid $ down and signed a oneyear note for $
Paid $ on the note for the construction equipment in bignore interest
Compute the market value per share of the stock.
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