A Firm Has $1,500,000 in Its Common Stock Account and $1,000,000

Multiple Choice

A firm has $1,500,000 in its common stock account and $1,000,000 in its paid-in capital account. The firm issued 100,000 shares of common stock. What was the original issue price if only one stock issue has ever been sold?

A) $35 per share
B) $25 per share
C) $15 per share
D) Not enough information to determine