Question: The following information is from the balance sheet of Tudor Corporation as of December 31, 2014. Preferred stock, $100 par $500,000 Paid-in capital in excess of par - preferred 35,000 Common stock, $1 par 190,000 Paid-in capital in excess of par - common 380,000 Retained earnings 131,500 Total stockholders' equity $1,236,500 What was the average issue price of the common stock shares? A. $1.00 B. $3.00 C. $13.15 D. $1.90

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Question:
The following information is from the balance
sheet of Tudor Corporation as of December 31,
2014.
Preferred stock, $100 par
$500,000
Paid-in capital in excess of par - preferred
35,000
Common stock, $1 par
190,000
Paid-in capital in excess of par - common
380,000
Retained earnings
131,500
Total stockholders' equity
$1,236,500
What was the average issue price of the common
stock shares?
A. $1.00
B. $3.00
C. $13.15
D. $1.90
Transcribed Image Text:Question: The following information is from the balance sheet of Tudor Corporation as of December 31, 2014. Preferred stock, $100 par $500,000 Paid-in capital in excess of par - preferred 35,000 Common stock, $1 par 190,000 Paid-in capital in excess of par - common 380,000 Retained earnings 131,500 Total stockholders' equity $1,236,500 What was the average issue price of the common stock shares? A. $1.00 B. $3.00 C. $13.15 D. $1.90
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