Question

Chevron, the petroleum exploration, production, refining, and marketing company, presented the following in its September 30, 2011, balance sheet.
Common stock—$.75 par value, 2,442,676,580 shares issued ..........................?
Capital in excess of par value ................$15,110,000,000
What amount should be shown on the common stock line? What was the average price per share paid by the original investors for the Chevron common stock? How do your answers compare with the $100 market price of the stock in early 2012? Comment briefly.



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  • CreatedFebruary 20, 2015
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