A company sold stock for $545,000. The shares had a par value of $5 each. After the transaction, the paid in capital, common stock account had a balance of $215,000. How many shares did the company sell?

Question

Quizplus · Accepted Answer

The Answer of A company sold stock for $545,000. The shares had a par value of $5 each. After the transaction, the paid in capital, common stock account had a balance of $215,000. How many shares did the company sell?

A Company Sold Stock for $545,000