ABC inc. had 950 million shares of common stock authorized, 700 million in issue, and 600 million outstanding. Its equity account was as follows:

ITEM	Value
Common stock	$400
Additional paid-in capital	$5,200
Retained earnings	$5,000
Treasury shares	-790

A) What was the par value per share?

B) What was the average price at which shares were sold?

C) How many shares had been repurchased?

D) What was the average price at which the shares were repurchased?

Answer rating: 100% (QA)

To answer these questions we need to analyze the given information about ABC Incs equity accounts A ... View the full answer