Supper Company Ltd., reported the following stockholders’ equity on its balance sheet at June 30, 2021: Supper Company Ltd. Stockholders’ Equity June 30,2021 Paid-in Capital Preferred stock, 10%,? par, 650,000 shares authorized, 280,000 shares issued $ 1,400,000 Common stock, par value $? per share, 5,000,000 shares authorized, 1,000,000 shares issued and outstanding 2,000,000 Paid-in capital in excess of par—common 6,000,000 Which of the following is the correct selling price per share for the common stock issued based on the above transactions? a. $8 b. $5,000,000 c. $6,000,000 d. $6
Supper Company Ltd., reported the following stockholders’ equity on its balance sheet at June 30, 2021: Supper Company Ltd. Stockholders’ Equity June 30,2021 Paid-in Capital Preferred stock, 10%,? par, 650,000 shares authorized, 280,000 shares issued $ 1,400,000 Common stock, par value $? per share, 5,000,000 shares authorized, 1,000,000 shares issued and outstanding 2,000,000 Paid-in capital in excess of par—common 6,000,000 Which of the following is the correct selling price per share for the common stock issued based on the above transactions? a. $8 b. $5,000,000 c. $6,000,000 d. $6
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 84PSA: Statement of Stockholders' Equity At the end of 2019, Stanley Utilities Inc. had the following...
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Question
Supper Company Ltd., reported the following
Supper Company Ltd. Stockholders’ Equity June 30,2021
|
|
Paid-in Capital |
|
|
$ 1,400,000 |
Common stock, par value $? per share, 5,000,000 shares authorized, 1,000,000 shares issued and outstanding |
2,000,000 |
Paid-in capital in excess of par—common |
6,000,000 |
Which of the following is the correct selling price per share for the common stock issued based on the above transactions?
a.
$8
b.
$5,000,000
c.
$6,000,000
d.
$6
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