Question
The following data is available for Eliot Corporation at 6/30/21: Common stock, $10 par value, (10,000,000 shares authorized ) $1,000,000 Paid in capital in excess
The following data is available for Eliot Corporation at 6/30/21:
| Common stock, $10 par value, (10,000,000 shares authorized ) | $1,000,000 |
| Paid in capital in excess of par value | $3,000,000 |
| Treasury stock (at cost of $50 per share) | $800,000 |
How many shares were outstanding at June 30?
What was the average selling price (per share) of issued stock? Enter with no 4 sign, no decimals.
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Managerial Accounting
Authors: Ray H. Garrison, Alan Webb, Theresa Libby
12th Canadian Edition
1260193276, 978-1260193275
