A corporation has the following account balances: Common Stock, $1 par value, $40,000; Paid in Capital in

Question:

A has the following account balances: Common Stock, $1 par value, $40,000; Paid in Capital in Excess of Par Value, $1,800,000. Based on this information, the
A) legal capital is $1,840,000.
B) number of shares issued is 40,000.
C) number of shares outstanding is 1,840,000.
D) average price per share issued is $4.60
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...