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Lerok [7]
3 years ago
9

A corporation has the following account balances: Common Stock, $1 par value, $80,000; Paid-in Capital in Excess of Par Value, $

2,700,000. Based on this information, thea. legal capital is $2,780,000.b. number of shares issued is 80,000.c. number of shares outstanding is 2,780,000.d. average price per share issued is $3.48.
Business
1 answer:
Nitella [24]3 years ago
7 0

Answer:

b. number of shares issued is 80,000

Explanation:

In the question, the common stock par value and the total amount is given. Moreover, paid-in capital is also given.

So, if we compute it, then it gives the number of shares issued because it contains a formula which is shown below:

Number of shares issued = (Common stock ÷ Par value)

= ($80,000 ÷ $1)

= 80,000 shares

So, paid-in capital is not relevant in the computation part, and therefore, the other options are wrong except b. option.

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New technologies increase marginal returns for labor and they also have changed organizations completely.

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When a company determines the most likely people to buy its product are 20-27 year old middle class women, it is
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brainly.com/question/24967768

6 0
3 years ago
For shipments transported by water, in addition to the name of the shipper, which of the following must be added to the shipping
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Answer:

Please see the explanation below

Explanation:

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substantive.

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3 years ago
Sellall Department Stores reported the following amounts in its adjusted trial balance prepared as of its December 31 year-end:
Goshia [24]

Answer:

Particulars                            Amount

Net sales                               $29,865

Cost of goods sold               <u>$17,820</u>

Gross profit                           $12,045

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Operating Expenses             <u>$1,700</u>

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Income tax expenses            <u>$2,630</u>

Net Income                            <u>$11,585</u>

8 0
3 years ago
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