Question: 3) just the correct answer. * Your answer is incorrect. A corporation has the following account balances: Common stock, $1 par value, $51000; Paid-in Capital

3) just the correct answer. * Your answer is incorrect. A corporation has the following account balances: Common stock, $1 par value, $51000; Paid-in Capital in Excess of Par, $820000. Based on this information, the legal capital is $871000. number of shares issued is 51000. average price per share issued is $5.66. number of shares outstanding is 871000.

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