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The stockholders' equity of A Company at the end of 2023 and 2022 are as follows: 2023 2022 Preferred stock, P100 par, 12% P1,000,000 P 600.000 Common stock, P20 par 2,000,000 1,800,000 Paid in capital in excess of par Preferred 16,000 Common 4,350,000 3,750,000 Retained earnings 80,000 180,000 At what price per share are the shares of preferred stock issued in 2023?

The stockholders' equity of A Company at the end of 2023 and 2022 are as follows: 2023 2022 Preferred stock, P100 par, 12% P1,000,000 P 600.000 Common stock, P20 par 2,000,000 1,800,000 Paid in capital in excess of par Preferred 16,000 Common 4,350,000 3,750,000 Retained earnings 80,000 180,000 At what price per share are the shares of preferred stock issued in 2023?

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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The stockholders' equity of A Company at the end of 2023 and 2022 are as follows:

2023

2022

Preferred stock, P100 par, 12%

P1,000,000

P 600.000

Common stock, P20 par

2,000,000

1,800,000

Paid in capital in excess of par

Preferred

16,000

Common

4,350,000

3,750,000

Retained earnings

80,000

180,000

At what price per share are the shares of preferred stock issued in 2023?

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