The shareholders' equity section of Samuels Company were reported on the balance
sheets for December 31:
Based on this information, how many shares of preferred stock were issued in 2010 and what was the average issue price?
a. 4,000 shares and $112.50 per share
b. 160 shares and $88.75 per share
c. 800 shares and $250 per share
d. 1,600 shares and $112.50 per share

Question

The shareholders' equity section of Samuels Company were reported on the balance
sheets for December 31:
  Based on this information, how many shares of preferred stock were issued in 2010 and what was the average issue price? 
a. 4,000 shares and $112.50 per share
b. 160 shares and $88.75 per share
c. 800 shares and $250 per share
d. 1,600 shares and $112.50 per share

Quizplus · Accepted Answer

The Answer of The shareholders' equity section of Samuels Company were reported on the balance
sheets for December 31:
  Based on this information, how many shares of preferred stock were issued in 2010 and what was the average issue price? 
a. 4,000 shares and $112.50 per share
b. 160 shares and $88.75 per share
c. 800 shares and $250 per share
d. 1,600 shares and $112.50 per share

The Shareholders' Equity Section of Samuels Company Were Reported on the Balance