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The following information is from the balance sheet of Tudor Corporation as of December 31, 2014. Preferred stock, $100 par $ 500,000 Paid-in capital in
The following information is from the balance sheet of Tudor Corporation as of December 31, 2014.
Preferred stock, $100 par | $ 500,000 | |
Paid-in capital in excess of parpreferred | 35,000 | |
Common stock, $1 par | 190,000 | |
Paid-in capital in excess of parcommon | 380,000 | |
Retained earnings | 131,500 | |
Total stockholders' equity | $1,236,500 |
How do you compute the following?
1. What was the average issue price of the common stock shares?
2. What is the average issue price of the preferred stock shares?
3. What was the total paid-in capital as of December 31, 2014?
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