A Particular Balance Sheet Includes the Following Information Within the Stockholders

question 164

Multiple Choice

A particular balance sheet includes the following information within the stockholders' equity section: $\begin{array}{llcc} \text { Common stock, \$ 5 par value } &\$ 300,000 \\ \text { Paid-in capital in excess of par } &1.740,000\end{array}$
Assume that common stock is the only class of stock that has been issued and that there have been two issues of stock since the corporation began business.What is the average issue price per share of stock?

• A)$ 5.00
• B)$ 6.80
• C)$29.00
• D)$34.00

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Definitions:

Dallas

A major city in the state of Texas, known for its historical significance in the oil and cotton industries and as the site of President John F. Kennedy's assassination in 1963.

Metacognition

The awareness and understanding of one's own thought processes, or thinking about thinking.

Working Memory

A cognitive system with a limited capacity that is responsible for temporarily holding information available for processing.

Long-Term Memory

The phase of memory responsible for storing information over extended periods, from days to decades.