A corporation has the following account balances: Common Stock, $1 par value, $60000; Paid-in Capital in Excess of Par Value, $2510000. Based on this information, the average price per share issued is $4.28. legal capital is $2570000. number of shares outstanding is 2570000. number of shares issued is 60000.
A corporation has the following account balances: Common Stock, $1 par value, $60000; Paid-in Capital in Excess of Par Value, $2510000. Based on this information, the average price per share issued is $4.28. legal capital is $2570000. number of shares outstanding is 2570000. number of shares issued is 60000.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A corporation has the following account balances: Common Stock, $1 par value, $60000; Paid-in Capital in Excess of Par Value, $2510000. Based on this information, the
average price per share issued is $4.28.
legal capital is $2570000.
number of shares outstanding is 2570000.
number of shares issued is 60000.
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