Paid-in Capital in Excess of Par Value

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becca9780

Jul 8, 2008, 06:35 AM

A corporation has the following account balances: Common Stock, $1 par value, $20,000; Paid-in Capital in Excess of Par Value, $900,000. Based on this information, the
a. legal capital is $920,000
b. number of shares issued is 20,000
c. number of shares outstanding is 920,000
d. average price per share issued is $4.60

morgaine300

Jul 9, 2008, 01:48 AM

You need to be attempting to answer all of these. We aren't here just to tell you what the answer is, but to look at your attempts to do it and then try to lead you from there. With multiple choice, a reason for your answer is good to have to. (Shows an actual attempt to do it rather than guessing.)