The Collins Corporation Stockholders' Equity section includes the following: What was the total amount preferred stock was sold for?

Question

The Collins Corporation Stockholders' Equity section includes the following:  What was the total amount preferred stock was sold for?

Quizplus · Accepted Answer

From the image, we can see that the preferred stock was sold at a par value of $100 per share and 147 shares were issued. Therefore, the total amount preferred stock was sold for is: $100 x 147 = $14,700. So, option B is the correct answer.

The Collins Corporation Stockholders' Equity Section Includes the Following