Multiple Choice
A firm has a balance sheet common shares account with a value of $260,000. The firm has 10,000common shares outstanding. If the retained earnings account has a value of $250,000, the commonstock originally sold for
A) $30/share.
B) $25/share.
C) $24/share.
D) $26/share.
Correct Answer:
Verified
Correct Answer:
Verified
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