Multiple Choice
A newly formed company sold stock for $545,000.The shares had a par value of $5 each.After the transaction,the Paid-In Capital in Excess of Par,Common Stock,account had a balance of $215,000.How many shares did the company sell?
A) 62,000
B) 152,000
C) 43,000
D) 109,000
E) 66,000
Correct Answer:
Verified
Correct Answer:
Verified
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