Loudoun Corporation's balance sheet reflected the following information:
The stock listed on the balance sheet was issued in a single transaction.
Required:
What was the issue price per share of the stock?

Question

Loudoun Corporation's balance sheet reflected the following information:
  The stock listed on the balance sheet was issued in a single transaction.
Required:
What was the issue price per share of the stock?

Quizplus · Accepted Answer

The Answer of Loudoun Corporation's balance sheet reflected the following information:
  The stock listed on the balance sheet was issued in a single transaction.
Required:
What was the issue price per share of the stock?

Loudoun Corporation's Balance Sheet Reflected the Following Information