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Home Q & A Board Other Fields Homework Help Business Management
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pompa pompa
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7 years ago
A firm has the balance sheet accounts, Common Stock and Paid-in Capital in Excess of Par, with values of $40,000 and $500,000, respectively. The firm has 40,000 common shares outstanding. If the firm had a par value of $1, the stock originally sold for ________.
A) $11.50/share
B) $12.50/share
C) $13.50/share
D) $15.50/share
Textbook 
Principles of Managerial Finance

Principles of Managerial Finance


Edition: 14th
Authors:
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UlainUlain
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7 years ago
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pompa Author
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7 years ago
Good timing, thanks!
Kstan109
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Yesterday
Thanks for your help!!
Goku935
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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