Pandey Company's Capital Stock Is Currently Selling for $25 Per

Multiple Choice

Pandey Company's capital stock is currently selling for $25 per share.Pandey Company has the following accounts included within the owners' equity section of the balance sheet: $\begin{array} { l l } \text { Capital stock, \$1.00 par value, } 10,000 \text { shares issued } & \$ 10,000\\\text { Additional paid-in capital } & \$ 60,000\\\end{array}$ Assuming that the only transaction affecting these accounts was the sale of the company's capital stock,Pandey Company originally sold its capital stock for

A) $ 1.00 per share.
B) $ 7.00 per share.
C) $6.00 per share.
D) $10.00 per share.
E) The selling price of the capital stock cannot be determined from the information given.