Lisa Laskowski Company reports the following information at the current fiscal year end of December 31: What was the average selling price for the common stock issued? (Round your final answer to the nearest cent. )
A)$0.61 per share
B)$0.10 per share
C)$0.71 per share
D)$0.92 per share

Question

Lisa Laskowski Company reports the following information at the current fiscal year end of December 31:  What was the average selling price for the common stock issued? (Round your final answer to the nearest cent. )
A)$0.61 per share 
B)$0.10 per share 
C)$0.71 per share 
D)$0.92 per share

Quizplus · Accepted Answer

88 million/0.10 = 880 million shares;Average selling price = ($600 million + $98 million)/880 million shares = $0.71 per share

Lisa Laskowski Company Reports the Following Information at the Current