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BartSMP [9]
3 years ago
5

Lisa Laskowski Company reports the following information at the fiscal year end of December​ 31, 2017:Common​ Stock, $0.10 par v

alue per share $88 million​Paid-in Capital in Excess of​ Par Common $500 millionRetained Earnings $700 millionTotal​ Stockholders' Equity $1,288 millionWhat was the average selling price for the common stock​ issued? (Round your final answer to the nearest​ cent.)A. $0.57 per share.B.$0.80 per share.C.$0.10 per share.D. $0.67 per share.
Business
1 answer:
Radda [10]3 years ago
3 0

Answer:

Aveerage selling of common stock is $0.67 per share

Explanation:

GIVEN DATA:

Common stock -   par value is $0.10/ share

Retained earning is $700 million

common stock $88 million

paid in capital = $500

sum of stock holder equity $1288 million

Total capital paid is = (88 +  500) million = $588 million

therefore

Average selling price is= \frac{588}{880} = $0.67per share

where [ \frac{88}{0.1} = 880]

So, Aveerage selling of common stock is $0.67 per share

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Answer:

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Part 1

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Part 2

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cost of the land calculation

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Cost to tear down building             $121000

Sale of Salvages                               ($8400)

Leagl fees                                           $5340

Total                                            $1,422,940

The cost of the land that should be recorded by Wilson Co. is: $1,422,940

cost of the building calculation

Architect's fees               $47000

Insurance                          $3900

Liability insurance            $4200

Excavation cost               $15480

city for pavement             $9900

Borrowing Costs           $251000

Total                              $331,480

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