A corporation has the following account balances: Common stock, $1 par value, $40,000; Paid-in Capital in Excess of Par Value, $1,350,000. Based on this information, the
A) legal capital is $1,390,000.
B) number of shares issued are 40,000.
C) number of shares outstanding are 1,390,000.
D) average price per share issued is $3.48.
Correct Answer:
Verified
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