The Following Information Is from the December 31,2018 Balance Sheet

question 48

Multiple Choice

The following information is from the December 31,2018 balance sheet of January Corporation. $$\begin{array} { | l | r | } \hline \text { Preferred Stock, } \$ 100 \text { par } & \$ 270,000 \\\hline \text { Paid-In Capital in Excess of Par-Preferred } & 22,000 \\\hline \text { Common Stock, } \$ 1 \text { par } & 69,000 \\\hline \text { Paid-In Capital in Excess of Par-Common } & 206,000 \\\hline \text { Retained Earnings } & \underline { 56,600 } \\\hline \text { Total Stockholders' Equity } & \$ 623,600 \\\hline\end{array}$$ What is the average issue price of the preferred stock shares? (Round answers to the nearest dollar.)

• A) $108
• B) $100
• C) $167
• D) $106

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Definitions:

Interpretations

The act of explaining or making sense of information, words, or actions, often used in therapy to understand underlying meanings.

Absolute Phrasing

The use of words that express total certainty or extremes, without acknowledging nuance or exceptions.

Optimal Timing

The identification of the most appropriate or effective time to perform an action to achieve the best results.

Helping Relationship

A therapeutic or supportive interaction that aims to facilitate growth, healing, or assistance.