Shown below is information relating to the stockholders' equity of Revere Corporation at December 31, Year 1.
Answer the following questions based on the stockholders' equity section given above.
-Refer to the above data. The average issue price per share (rounded to the nearest dollar) of Revere's preferred stock was:

Question

Shown below is information relating to the stockholders' equity of Revere Corporation at December 31, Year 1.
  Answer the following questions based on the stockholders' equity section given above.
-Refer to the above data. The average issue price per share (rounded to the nearest dollar) of Revere's preferred stock was:

Quizplus · Accepted Answer

The average issue price per share of preferred stock is calculated by dividing the total amount received from the issuance of preferred stock by the number of shares issued. The data provided indicates that the total amount received was $585,000 for 5,000 shares, resulting in an average issue price of $117 per share.

Shown Below Is Information Relating to the Stockholders' Equity of Revere