Flagler Corporation Shows a Total of $660,000 in Its Common

question 24

Multiple Choice

Flagler Corporation shows a total of $660,000 in its Common Stock account and $1,600,000 in its Paid-in Capital Excess account.The par value of Flagler's common stock is $8.How many shares of Flagler stock have been issued?

• A)117,500
• B)200,000
• C)82,500
• D)The number of shares cannot be determined using the information provided.