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

Question

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

Quizplus · Accepted Answer

The total common stock is calculated by adding up the number of shares (400 + 300) and multiplying it by the par value per share which is $20. Therefore, Total selling price of the common stock = (400 + 300) x $20 = $14,000 + $10,000 = $24,000. Thus, the correct answer is C.

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