Multiple Choice
A corporation has the following account balances: Common Stock, $1 par value, $80,000; Paid-in Capital in Excess of Par Value, $2,700,000.Based on this information, the
A) legal capital is $2,780,000.
B) number of shares issued is 80,000.
C) number of shares outstanding is 2,780,000.
D) average price per share issued is $3.48.
Correct Answer:
Verified
Correct Answer:
Verified
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