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Determine how corporation has the account balances

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Question 1: A corporation has the following account balances: Common stock, $1 par value, $59000; Paid-in Capital in Excess of Par, $1298000. Based on this information, the

a) average price per share issued is $22.83.

b) legal capital is $1357000.

c) number of shares outstanding are 1357000.

d) number of shares issued are 59000.

Reference no: EM132463186

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