What was the average issue price of the common stock shares
Course:- Accounting Basics
Reference No.:- EM132048535

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Question - The following information is from the balance sheet of Tudor Corporation as of December 31, 2014.

Preferred stock, $100 par $ 500,000

Paid-in capital in excess of par-preferred 35,000

Common stock, $1 par 190,000

Paid-in capital in excess of par-common 380,000

Retained earnings 131,500

Total stockholders' equity $1,236,500

How do you compute the following?

1. What was the average issue price of the common stock shares?

2. What is the average issue price of the preferred stock shares?

3. What was the total paid-in capital as of December 31, 2014?

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