Diaz Inc.’s common stock has a par value of $1 and a current market price of $15. Explain why these amounts are different.
Answer to relevant QuestionsHow many shares of common stock did Apple have at September 24, 2011, and at September 25, 2010?On July 1, Raney Corporation purchases 500 shares of its $5 par value common stock for the treasury at a cash price of $9 per share. On September 1, it sells 300 shares of the treasury stock for cash at $11 per share. ...Andrea has prepared the following list of statements about corporations.1. A corporation is an entity separate and distinct from its owners.2. As a legal entity, a corporation has most of the rights and privileges of a ...Tran Corporation is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first year of operations, the company had the following events and transactions pertaining to its ...The stockholders’ equity accounts of Castle Corporation on January 1, 2014, were as follows.Preferred Stock (8%, $50 par, cumulative, 10,000 shares authorized) ...... $ 400,000Common Stock ($1 stated value, 2,000,000 ...
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