The following information is from the December 31, 2017 balance sheet of Lawson Corporation. Preferred Stock,...
The following information is from the December 31, 2017 balance sheet of Lawson Corporation.
|
Preferred Stock, $100 par |
$ 590 comma 000$590,000 |
|
Paidminus−In Capital in Excess of Par-Preferred |
39 comma 00039,000 |
|
Common Stock, $1 par |
170 comma 000170,000 |
|
Paidminus−In Capital in Excess of Par-Common |
570 comma 000570,000 |
|
Retained Earnings |
151 comma 500151,500 |
|
Total Stockholders' Equity |
$ 1 comma 520 comma 500$1,520,500 |
What was the average issue price of the common stock shares? (Round your answer to the nearest cent.)
Homework Answers
|
Average issue price of common shares = Cash proceeds from common stock issue/Outstanding common shares = (170,000+570,000) / (170,000/1) = 740,000/170,000 = 4.35 Comment if you face any issues |
|
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The following information is from the December 31, 2017 balance
sheet of Lawson Corporation.
Preferred Stock,...
30) The following information is from the December 31, 2018 balance sheet of January Corporation. Preferred...
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