Question
Selected Financial Statements for Gloria Co appear below: Cash 98,000 Common Stock ($2) par) $600,000 Short-term investments $45,000 Paid In Capital in Excess of Par
Selected Financial Statements for Gloria Co appear below:
Cash | 98,000 | Common Stock ($2) par) | $600,000 |
Short-term investments | $45,000 | Paid In Capital in Excess of Par Value-Common Stock | $300,000
|
Long-term investments | $425,000 | Retained Earnings | $50,000 |
Accounts Payable | $33,000 | Service Revenue | $350,000 |
Dividends Payable | $17,000 | Operating Expenses | $700,000 |
A.. Calculate the number of issued common shares _______.
B. Assume all of the shares were sold on the same date, what would have been thetotal sales price of the stock _______?
C. What would have been the sales price per share_______ ?
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