The equity portions of a company's balance sheets for end of 2022 and 2023 are shown below: Common Stock ($0.50 par) Capital Surplus Retained Earnings O $1.42 O $1.92 $0.75 O None of these options are correct 2022 $2,268,566 $1,067,967 $2,005,277 Calculate the average price per share at which new shares were sold in 2023. $0.50 2023 $3,729,028 $5,223,225 $6,911,362

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The equity portions of a company's balance sheets for end of 2022 and 2023 are shown
below:
Common Stock ($0.50 par)
Capital Surplus
Retained Earnings
O $1.42
Calculate the average price per share at which new shares were sold in 2023.
$1.92
$0.75
None of these options are correct
2022
$2,268,566
$1,067,967
$2,005,277
$0.50
2023
$3,729,028
$5,223,225
$6,911,362
Transcribed Image Text:The equity portions of a company's balance sheets for end of 2022 and 2023 are shown below: Common Stock ($0.50 par) Capital Surplus Retained Earnings O $1.42 Calculate the average price per share at which new shares were sold in 2023. $1.92 $0.75 None of these options are correct 2022 $2,268,566 $1,067,967 $2,005,277 $0.50 2023 $3,729,028 $5,223,225 $6,911,362
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