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Shown below is information relating to the stockholders' equity of Chirstianson Corporation at December 31, 2022: 12% cumulative preferred stock, $180 par, 160,000 shares authorized Common stock, $1.75 par, 1,010,000 shares authorized Additional paid-in capital: preferred stock Additional paid-in capital: common stock Treasury stock (at cost: 8,000 common shares) Retained earnings O b. $3.78 Refer to the above data. What was the average issue price per share of common stock? O a. $3.18 O c. $4.25 $3,600,000 O d. $3.00 1,225,000 400,000 1,000,000 250,000 1,500,000

Shown below is information relating to the stockholders' equity of Chirstianson Corporation at December 31, 2022: 12% cumulative preferred stock, $180 par, 160,000 shares authorized Common stock, $1.75 par, 1,010,000 shares authorized Additional paid-in capital: preferred stock Additional paid-in capital: common stock Treasury stock (at cost: 8,000 common shares) Retained earnings O b. $3.78 Refer to the above data. What was the average issue price per share of common stock? O a. $3.18 O c. $4.25 $3,600,000 O d. $3.00 1,225,000 400,000 1,000,000 250,000 1,500,000

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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Shown below is information relating to the stockholders' equity of Chirstianson Corporation at December 31, 2022: 12% cumulative preferred stock, $180 par, 160,000 shares authorized Common stock, $1.75 par, 1,010,000 shares authorized Additional paid-in capital: preferred stock Additional paid-in capital: common stock Treasury stock (at cost: 8,000 common shares) Retained earnings O b. $3.78 Refer to the above data. What was the average issue price per share of common stock? O a. $3.18 O c. $4.25 $3,600,000 O d. $3.00 1,225,000 400,000 1,000,000 250,000 1,500,000
Transcribed Image Text:Shown below is information relating to the stockholders' equity of Chirstianson Corporation at December 31, 2022: 12% cumulative preferred stock, $180 par, 160,000 shares authorized Common stock, $1.75 par, 1,010,000 shares authorized Additional paid-in capital: preferred stock Additional paid-in capital: common stock Treasury stock (at cost: 8,000 common shares) Retained earnings O b. $3.78 Refer to the above data. What was the average issue price per share of common stock? O a. $3.18 O c. $4.25 $3,600,000 O d. $3.00 1,225,000 400,000 1,000,000 250,000 1,500,000
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