Deedee's Hair Products decided to issue 97 shares of $3 par common stock. When recording the transaction, Deedee's Hair Products credited "Additional Paid-In Capital" for $8,062. What price did Deedee's Hair Products sell each share at? (Looking for the price per share, NOT the total amount received from the sale). If necessary for your solution, please round to the nearest whole number.
Deedee's Hair Products decided to issue 97 shares of $3 par common stock. When recording the transaction, Deedee's Hair Products credited "Additional Paid-In Capital" for $8,062. What price did Deedee's Hair Products sell each share at? (Looking for the price per share, NOT the total amount received from the sale). If necessary for your solution, please round to the nearest whole number.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Question 6
Deedee's Hair Products decided to issue 97 shares of $3 par common stock. When recording the
transaction, Deedee's Hair Products credited "Additional Paid-In Capital" for $8,062. What price did
Deedee's Hair Products sell each share at? (Looking for the price per share, NOT the total amount received
from the sale). If necessary for your solution, please round to the nearest whole number.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcc9eec8a-95f2-45ae-bf29-92bce5d4c5c0%2F9dfcf899-bf42-48db-921e-ac7ed1a17dd9%2Flpeir3_processed.png&w=3840&q=75)
Transcribed Image Text:Question 6
Deedee's Hair Products decided to issue 97 shares of $3 par common stock. When recording the
transaction, Deedee's Hair Products credited "Additional Paid-In Capital" for $8,062. What price did
Deedee's Hair Products sell each share at? (Looking for the price per share, NOT the total amount received
from the sale). If necessary for your solution, please round to the nearest whole number.
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