Company E reports the following stockholders' equity: Common Stock, 100,000 authorized, 30,000 issued, $3 par ? Paid-In Common Stock 93,000 Less: Treasury Stock, 5000 shares (15,000) Retained Earnings 40,000 What was the average price the common stock was issued?

Cornerstones of Financial Accounting
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ISBN:9781337690881
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Chapter10: Stockholder's Equity
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Company E reports the following stockholders' equity:

Common Stock, 100,000 authorized, 30,000 issued, $3 par

?

Paid-In Common Stock

93,000

Less: Treasury Stock, 5000 shares

(15,000)

Retained Earnings

40,000

What was the average price the common stock was issued?

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Share: A share is a document that states a proof of an ownership of a company. A share states a partial ownership over the company.

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