Multiple Choice
Frazier Corporation shows a total of $660,000 in its Common Stock account and $1,600,000 in its Paid-in Capital Excess account. The par value of Frazier's common stock is $4. How many shares of Frazier stock have been issued?
A) 165,000.
B) 400,000.
C) 235,000.
D) It cannot be determined
Correct Answer:
Verified
Correct Answer:
Verified
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