Flagler Corporation shows a total of $1,295,000 in its Common Stock account and $1,400,000 in its Paid-in Capital Excess account. The par value of Flagler's common stock is $7. How many shares of 4 Flagler stock have been issued? Multiple Choice 185,000 200,000 385,000 The number of shares cannot be determined using the information provided.

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
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Flagler Corporation shows a total of $1,295,000 in its Common Stock account and $1,400,000 in its Paid-in Capital Excess account. The par value of Flagler's common stock is $7. How many shares of
4
Flagler stock have been issued?
Multiple Choice
185,000
200,000
385,000
The number of shares cannot be determined using the information provided.
Transcribed Image Text:Flagler Corporation shows a total of $1,295,000 in its Common Stock account and $1,400,000 in its Paid-in Capital Excess account. The par value of Flagler's common stock is $7. How many shares of 4 Flagler stock have been issued? Multiple Choice 185,000 200,000 385,000 The number of shares cannot be determined using the information provided.
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