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Ulrich Corporation has the following shareholders equity on December 31, 2021: $570,000 Shareholders equity Share capital $

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Answer #1

Number of common shares issued = 90,000

Total par value of common stock = $1,800,000

Retained earnings = $450,000

Average per common share = Total par value of common stock /Number of common shares issued

= 1,800,000/90,000

= $20

Third option is correct option.

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