A Firm Has $1,500,000 in Its Common Stock Account and $1,000,000

question 62

Multiple Choice

A firm has $1,500,000 in its common stock account and $1,000,000 in its capital paid in excess of par account. The firm issued 100,000 shares of common stock. What was the issue price (market value) if only one stock issuance has occurred?

• A) $35 per share
• B) $25 per share
• C) $15 per share
• D) Not enough information to determine

---

Definitions:

Record Selectors

GUI elements used to select, highlight, or mark records in a database or a spreadsheet.

Navigation Buttons

User interface elements that allow users to move through a series of web pages, documents, images, or other content.

Record Source

The data source for a database object, such as a form or report, indicating where the object retrieves its data.

Form Wizard

A guided tool in software applications that helps users create forms by walking them through steps to add and configure fields and elements.