A Firm Has $7,500,000 in Its Common Stock Account and $2,500,000

question 23

Multiple Choice

A firm has $7,500,000 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) $75 per share
• B) $25 per share
• C) $100 per share
• D) Not enough information to tell

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Definitions:

People-building Skills

Abilities that help in developing and enhancing the capabilities and well-being of others.

Essence of Leadership

The core qualities and characteristics that define effective and inspiring leadership, including vision, integrity, commitment, and the ability to influence others.

Elements of Caring Leadership

Traits or behaviors exhibited by leaders that demonstrate concern and empathy for subordinates.

Uncompensated Work Time

Time spent working for which an individual does not receive payment or formal recognition.