Answered: QUESTION 5 Shepherd Company's… | bartleby

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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**Question 5**

Shepherd Company's Stockholder's equity is as follows:

- Common Stock, $2 par: $12,993
- Additional PIC: $22,132
- Treasury Stock, $5: $3,812

What is the average issue price of the common stock? Round your answer to 2 decimal places!

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