A Firm Has $3,500,000 in Its Common Stock Account and $2,500,000

question 119

Multiple Choice

A firm has $3,500,000 in its common stock account and $2,500,000 in its retained earnings account.The firm issued 100,000 shares of common stock.What was the original issue price if only one stock issue has ever been sold?

• A) $35 per share
• B) $25 per share
• C) $60 per share
• D) Not enough information to tell