The stockholders' equity section of the balance sheet of Global Publishing at December 31, Year 1, appears as follows:
Answer the following questions based on the stockholders' equity section given above. The company had no treasury stock purchases before Year 1.
-Refer to the above data. What was the average issue price per share of preferred stock?

Question

The stockholders' equity section of the balance sheet of Global Publishing at December 31, Year 1, appears as follows:
  Answer the following questions based on the stockholders' equity section given above. The company had no treasury stock purchases before Year 1.
-Refer to the above data. What was the average issue price per share of preferred stock?

Quizplus · Accepted Answer

The average issue price per share of preferred stock is calculated by dividing the total amount received from the issuance of preferred stock by the number of shares issued. If the data indicates that the total amount received was $124,000 for 1,000 shares, then the average issue price per share is $124.

The Stockholders' Equity Section of the Balance Sheet of Global