Supper Company Ltd., reported the following stockholders’ equity on its balance sheet at June 30, 2021: Supper Company Ltd. Stockholders’ Equity June 30,2021 Paid-in Capital Preferred stock, 10%,? par, 650,000 shares authorized, 280,000 shares issued $ 1,400,000 Common stock, par value $? per share, 5,000,000 shares authorized, 1,000,000 shares issued and outstanding 2,000,000 Paid-in capital in excess of par—common 6,000,000 Which of the following is the correct selling price per share for the common stock issued based on the above transactions? Question 8Answer a. $5,000,000 b. $8 c. $6 d. $6,000,000
Supper Company Ltd., reported the following stockholders’ equity on its balance sheet at June 30, 2021: Supper Company Ltd. Stockholders’ Equity June 30,2021 Paid-in Capital Preferred stock, 10%,? par, 650,000 shares authorized, 280,000 shares issued $ 1,400,000 Common stock, par value $? per share, 5,000,000 shares authorized, 1,000,000 shares issued and outstanding 2,000,000 Paid-in capital in excess of par—common 6,000,000 Which of the following is the correct selling price per share for the common stock issued based on the above transactions? Question 8Answer a. $5,000,000 b. $8 c. $6 d. $6,000,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Supper Company Ltd., reported the following
|
Supper Company Ltd. Stockholders’ Equity June 30,2021
|
|
|
Paid-in Capital |
|
|
|
$ 1,400,000 |
|
Common stock, par value $? per share, 5,000,000 shares authorized, 1,000,000 shares issued and outstanding |
2,000,000 |
|
Paid-in capital in excess of par—common |
6,000,000 |
Which of the following is the correct selling price per share for the common stock issued based on the above transactions?
Question 8Answer
a.
$5,000,000
b.
$8
c.
$6
d.
$6,000,000
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