Question: A firm has the balance sheet accounts Common Stock and Paid-in Capital in Excess of Par with values of $10,000 and $250,000 respectively. The firm

A firm has the balance sheet accounts “Common Stock” and “Paid-in Capital in Excess of Par” with values of $10,000 and $250,000 respectively. The firm has 10,000 common shares outstanding. If the firm had a par value of $1, the stock originally sold for

a. $24/share

b. $25/share

c. $26/share

d. $30/share

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