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Liono4ka [1.6K]
2 years ago
9

Gordon Company reports the following information at the current fiscal year end of December 31: Common Stock, $0.10 par value pe

r share $98,000 Additional Paid-in Capital , Common Stock 600,000 Retained Earnings 900,000 Total Stockholders' Equity $1,598,000 What was the average selling price for the common stock issued (rounded to the nearest cent)
Business
1 answer:
telo118 [61]2 years ago
3 0

Answer:

$0.71

Explanation:

Calculation to determine What was the average selling price for the common stock issued

Using this formula

Common stock issued avarage selling price=

Paid-in Capital in Excess of Par-Common÷Common Stock par value per share

Let plug in the formula

Common stock issued avarage selling price=($600,000+$98,000)/($98,000÷$0.10)

Common stock issued avarage selling price=$698,000/$980,000

Common stock issued avarage selling price=$0.71

Therefore the average selling price for the common stock issued is $0.71

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Answer: I think it’s false

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The correct answer is <em>must often target those who are apathetic about or strongly opposed to receiving their services. </em>

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Basically, the four major expenditure categories of GDP are consumption, investment, government purchases, and net exports.

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2 years ago
The following transactions occurred during July:1. Received $1,200 cash for services performed during July.2. Received $6,400 ca
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