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Selected Financial Statements for Gloria Co appear below: Cash ...

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Accounting

Selected Financial Statements for Gloria Co appear below:

Cash

98,000

Common Stock ($2) par)

$600,000

Short-term investments

$45,000

Paid In Capital in Excess of Par Value-Common Stock

$300,000

Long-term investments

$425,000

Retained Earnings

$50,000

Accounts Payable

$33,000

Service Revenue

$350,000

Dividends Payable

$17,000

Operating Expenses

$700,000

A.. Calculate the number of issued common shares _______.

B. Assume all of the shares were sold on the same date, what would have been thetotal sales price of the stock _______?

C. What would have been the sales price per share_______ ?

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