The Wellington Winery's Stockholders' Equity section includes the following information:
What was the total selling price of the preferred stock?

Question

The Wellington Winery's Stockholders' Equity section includes the following information: 
What was the total selling price of the preferred stock?

Quizplus · Accepted Answer

The total selling price of the preferred stock is calculated by multiplying the number of preferred shares (500) by the selling price per share ($40). Thus, the total selling price of the preferred stock is $20,000 (500 x $40 = $20,000).

The Wellington Winery's Stockholders' Equity Section Includes the Following Information