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Q2: Richard Company's capital stock is currently trading for $22 per share. The following accounts appear on the balance sheet: (1 marks) Common stock, $6.00

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Q2: Richard Company's capital stock is currently trading for $22 per share. The following accounts appear on the balance sheet: (1 marks) Common stock, $6.00 par value per share, 10,000 shares $60,000 issued Paid in capital in excess of par value $200,000 The only transaction affecting the accounts was one issue of the company's common stock. What was the original selling price of the common stock

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