A corporation has the following account balances: Common Stock, $2 par value, $40,000; Paid-in Capital...
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Accounting
A corporation has the following account balances: Common Stock, $2 par value, $40,000; Paid-in Capital in Excess of Par Value, $1,800,000. Based on this information, the
a. legal capital is $1,840,000.
b. number of shares issued is 40,000.
c. number of shares outstanding is 1,840,000.
d. average price per share issued is $92.
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