Lisa Laskowski Company reports the following information at the fiscal year end of December 31,2015: What was the average selling price for the common stock sold?

Question

Lisa Laskowski Company reports the following information at the fiscal year end of December 31,2015:  What was the average selling price for the common stock sold?

Quizplus · Accepted Answer

Looking at the financial statement, we can see that total common stock sold was $79,200 and the number of shares sold was 88,500. To find the average selling price per share, we divide the total common stock sold by the number of shares sold:

Average selling price = $79,200 ÷ 88,500 = $0.895 per share

Therefore, the correct answer is Option C.

Lisa Laskowski Company Reports the Following Information at the Fiscal