Multiple Choice
A firm has the balance sheet accounts, common stock, and paid-in capital in excess of par, with values of $10,000 and $250,000, respectively. The firm has 10,000 common shares outstanding. If the firm had a par value of $1, the stock originally sold for
A) $24/share.
B) $25/share.
C) $26/share.
D) $30/share.
Correct Answer:
Verified
Correct Answer:
Verified
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