The following data are taken from the stockholders' equity section of the balance sheet of a company: What was the average issue price per share of the common stock?

Question

The following data are taken from the stockholders' equity section of the balance sheet of a company:  What was the average issue price per share of the common stock?

Quizplus · Accepted Answer

To calculate the average issue price per share of common stock, divide the total common stock amount by the total number of common shares issued. In this case, the total common stock amount is $150,000 and the total number of common shares issued is 10,000. Therefore, the average issue price per share of common stock is $15.00 (150,000/10,000). The correct answer is C.

The Following Data Are Taken from the Stockholders' Equity Section