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    becca9780's Avatar
    becca9780 Posts: 4, Reputation: 1
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    #1

    Jul 8, 2008, 06:35 AM
    Paid-in Capital in Excess of Par Value
    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's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    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.)
    Slyee's Avatar
    Slyee Posts: 1, Reputation: 1
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    #3

    Jul 22, 2010, 03:08 PM
    Number of shares issued is 20,000.
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #4

    Jul 23, 2010, 07:27 PM

    Slyee, read the post above yours, the one that says that we aren't here just to tell people what the answer is. (If you're going to answer stuff, at least look at what has already been posted by others.)

    Read the guidelines we have about posting homework problems, as this applies to those answering as well:
    https://www.askmehelpdesk.com/financ...-b-u-font.html

    The thread is also old and I doubt the poster cares anymore.
    MikeOHottiz's Avatar
    MikeOHottiz Posts: 1, Reputation: 1
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    #5

    Dec 6, 2010, 02:54 AM
    Comment on morgaine300's post
    Wow, what if it's a practice question Morgaine, you douche?
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #6

    Dec 21, 2010, 05:13 PM

    I wasn't hiding. I would say the same blasted thing if the place didn't have these guidelines.

    And it's a very, very sad world when people get insulted for sticking to some principles. Perhaps you don't comprehend this notion because you do not have any principles to stick to? One of those principles might be to stick to the forum guidelines that you don't give people neg's for actually following the guidelines.

    And what if it was a test question?

    Your one and only post on these forums since you joined two weeks ago was to dig up some old, irrelevant thread so you can insult me? That's your entire contribution to this site? You are very sad.

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