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 Calculate the number of issued common shares Blank 1 . Assume all of the shares were sold on the same date, what would have been the total sales price of the stock Blank 2 ? c. What would have been the sales price per share Blank 3 ?
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