Initial sale price of common stock B&J Dental Group has one issue of preferred stock and one
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Initial sale price of common stock B&J Dental Group has one issue of preferred stock and one issue of common stock outstanding. Given B&J’s stockholders’ equity account that follows, determine the original price per share at which the firm sold its single issue of common stock.
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Stockholders' Equity ($000) Preferred stock Common stock ($0.50 par, 500,000 shares outstanding) Paid-in capital in excess of par on common stock Retained earnings Total stockholders' equity $ 375 250 2,376 950 $3,951
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Related Book For
Principles Of Managerial Finance
ISBN: 9781292018201
14th Global Edition
Authors: Lawrence J. Gitman, Chad J. Zutter
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