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The following information is from the December 31, Year 5 balance sheet of Watermelon Corporation. Preferred Stock, $100 par $500,000 Paid-In Capital in Excess of
The following information is from the December 31, Year 5 balance sheet of Watermelon Corporation.
| Preferred Stock, $100 par | $500,000 |
| Paid-In Capital in Excess of ParPreferred | 44,000 |
| Common Stock, $1 par | 220,000 |
| Paid-In Capital in Excess of ParCommon | 600,000 |
| Retained Earnings | 131,500 |
| Total Stockholders' Equity | $1,495,500 |
What was the average issue price of the common stock shares?
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
10th edition
978-1260481952
