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Question 36 The stockholders' equity section of Stark, Inc. is as follows Preferred stock, 796, $100 par, 1,000 shares authorized, 300 shares issued and outstanding

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Question 36 The stockholders' equity section of Stark, Inc. is as follows Preferred stock, 796, $100 par, 1,000 shares authorized, 300 shares issued and outstanding Additional paid-in capital preferred Common stock, $10 par, 15,000 shares authorized, 4,000 shares issued and outstanding Additional paid-in capital common Retained Earnings Total Stockholders' Equity $40,000 5,000 50,000 30,000 512,000 $637,000 Based only on this information, what was the average issue price of the preferred stock? Do not use the $sign or decimals in your answer. Commas are ok. Selected Answer: 3 [None Given] Correct Answer: 150 Answer range +/- 0 (150.0 150.0)

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