Homework Answers
Par value of 1 share = $1
Common stock = $110,000
Number of shares issued = Common stock/Par value of 1 share
= 110,000/1
= 110,000
Legal capital = Par value of common stock issued
= $110,000
Numbers of share outstanding is same as number of share issued in this case
Total contributed capital = Par value of common stock issued + Paid in capital in excess of par value
= 110,000 + 2,740,000
= $2,850,000
Average price per share issued = Total contributed capital/Number of shares issued
= 2,850,000/110,000
= $25.91
First option is the correct option.
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