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 $221 Common stock ($0.24 par, 1,396,000 shares outstanding) 335.04 Paid-in capital in excess of par on common stock 19,468 Retained earnings 1,804 Total stockholders' equity $21,828 The original price per share is (Round to the nearest cent.)

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 $221 Common stock ($0.24 par, 1,396,000 shares outstanding) 335.04 Paid-in capital in excess of par on common stock 19,468 Retained earnings 1,804 Total stockholders' equity $21,828 The original price per share is (Round to the nearest cent.)

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

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Problem 5P: Alert Companys shareholders equity prior to any of the following events is as follows: The company...

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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
$221
Common stock ($0.24 par, 1,396,000 shares outstanding)
335.04
Paid-in capital in excess of par on common stock
19,468
Retained earnings
1,804
Total stockholders' equity
$21,828
The original price per share is
(Round to the nearest cent.)

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