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(The following information applies to the questions displayed below) Shown below is information relating to the stockholders' equity of Reeve Corporation as of December 31,
(The following information applies to the questions displayed below) Shown below is information relating to the stockholders' equity of Reeve Corporation as of December 31, 2018: $ 600,000 8.0% cumulative preferred stock, $100 par Common stock, $10 par, 500,000 shares authorized, 120,000 shares issued and outstanding Additional paid-in capital: Common stock Retained earnings (Deficit) Dividends in arrears 1,200,000 600,000 (60,000) 48,000 What was the original issue price per share of common stock? Multiple Choice
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