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e original price per share is $ (Round to the nearest cent.)

e original price per share is $ (Round to the nearest cent.)

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Initial sale price of common stock Hudson-Perry Recordings Inc has one issue of preferred stock and one issue of common stock outstanding. Given their stockholders' equity account that follows, determine the original price per share at which the firm sold its single issue of common stock. Stockholders' Equity ($000) Preferred stock $226 Common stock ($0.18 par, 1,401,000 shares outstanding) 252 Paid-in capital in excess of par on common stock 19,454 Retained earnings 1,798 Total stockholders' equity $21,730 The original price per share is $ (Round to the nearest cent.)
Transcribed Image Text:Initial sale price of common stock Hudson-Perry Recordings Inc has one issue of preferred stock and one issue of common stock outstanding. Given their stockholders' equity account that follows, determine the original price per share at which the firm sold its single issue of common stock. Stockholders' Equity ($000) Preferred stock $226 Common stock ($0.18 par, 1,401,000 shares outstanding) 252 Paid-in capital in excess of par on common stock 19,454 Retained earnings 1,798 Total stockholders' equity $21,730 The original price per share is $ (Round to the nearest cent.)
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