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kab170 kab170
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Posts: 206
Rep: 50 0
5 years ago
The following data is available for XAC:
Common shares, no par 10,000 shares authorized, 8,000 shares
outstanding
$120,000
Common shares subscribed ?
Subscriptions receivables (40% uncollected) 12,000
Find the number of shares subscribed and the subscription price per share?
Shares Outstanding Average Issue Price
1 5,000 $25.00
2 5,000 $12.00
3 1,200 $25.00
4 1,200 $12.00
A) Choice 1
B) Choice 2
C) Choice 3
D) Choice 4
Textbook 
Intermediate Accounting, Volume 2

Intermediate Accounting, Volume 2


Edition: 5th
Authors:
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dearsophia21dearsophia21
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#1
Posts: 145
Rep: 54 0
5 years ago
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This helped my grade so much Perfect
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