Homework Answers
rate positively ..
| Given that - | |||
| i | Common stock | 308,000 | |
| 0.22 par 1400000 | |||
| ii | Paid in capital in excess of par = | 19,467,000 | |
| iii=i+ii | Total | 19,775,000 | |
| iv | Total number of share = | 1,400,000 | |
| v=iii/iv | Original price = | 14.13 | |
| Ans = | 14.13 |
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