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    mlogan's Avatar
    mlogan Posts: 1, Reputation: 1
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    #1

    Sep 20, 2010, 04:58 PM
    How much was each share of common stock originally sold for?
    December 31, 2010:
    Common stock, $1 par, $100,000 shares authorized $80,000
    Additional paid-in capital-common $60,000
    Retained earnings $40,000
    Total contributed capital and retained earnings $180,000
    Less: Treasury stock(2,000 common shares at cost) $20,000
    Total Stockholders equity $160,000
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Sep 20, 2010, 11:01 PM

    There isn't any way to know that. You can only figure out the average of what they sold for, not the actual sale price.
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