The Stockholders' Equity Section of the Balance Sheet of Sea $\begin{array}{lr}\text { Common stock } \$ 3 \text { par value } & \$ 150,000 \\\text { Additional paid-in capital? common } & 850,000\end{array}$

question 2

Multiple Choice

The Stockholders' Equity section of the balance sheet of Sea Turtle Company reveals the following information:
$\begin{array}{lr}\text { Common stock } \$ 3 \text { par value } & \$ 150,000 \\\text { Additional paid-in capital? common } & 850,000\end{array}$ There have been two issues of stock since the corporation began business.The average issue price per share of stock was

• A)$3.00.
• B)$17.00.
• C)$20.00.
• D)Not enough information to determine.

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