Company X raises $100,000 by issuing a combination of equity and taking out a bank loan. Equity

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Company X raises $100,000 by issuing a combination of equity and taking out a bank loan. Equity makes up 75% of the total funds raised and 10,000 shares of common stock were sold. If the total APIC is equal to $35,000, what is the par value of a share of the common stock (in dollars - your answer should be exact)

Posted Date: May 08, 2024 02:05 AM

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Company X raises $100,000 by issuing a combination of equity and taking out a bank loan. Equity

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To determine the par value of a share of common stock we need to calc... View the full answer

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