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

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Definitions:

Organizational Citizenship Behavior

Voluntary actions by employees that contribute to the overall positive functioning of an organization.

Personal Support

Assisting others in the workplace through the use of interpersonal skills.

Organizational Citizenship Behavior

Voluntary actions performed by employees that contribute to the overall effectiveness and environment of an organization, beyond their specified job roles.

Personal Support Dimension

An aspect of interpersonal relationships involving the provision of emotional, physical, or informational support to others.