The following information is from the December 31, 2017 balance sheet of Lawson Corporation
Preferred Stock, $100 par $560,000
Paid-In Capital in Excess of Par-Preferred 43,000
Common Stock, $1 par 190,000
Paid-In Capital in Excess of Par-Common 510,000
Retained Earnings 191,500
Total Stockholders' Equity $1,494,500
What was the average issue price of the common stock shares? (Round your answer to the nearest cent.)
A) $1.88
B) $1.00
C) $2.68
D) $3.68
D .D)
Common Stock, $1 par $190,000
No. of Shares = 190,000 / $1 190,000
Paid-In Capital in Excess of Par—Common $510,000
Average Issue Price = ($190,000 + $510,000 ) / 190,000 $3.68
You might also like to view...
The best way to reach the contact person for the editorial calendar in a media organization is to
A) call the Editorial Department. B) e-mail the Editor-in-Chief. C) contact bloggers who cover the media. D) telephone the manager of Investor Relations. E) show up at the media firm unannounced.
________ means that managers and employees understand the changing needs and wants of customers and align management and operating practices accordingly.
What will be an ideal response?
In the question Have the plans for the merger been submitted to the Federal Trade Commission?, the simple subject is ______
A) Have B) plans C) merger D) ?Federal Trade Commission
A voidable title is no title
a. True b. False Indicate whether the statement is true or false