Question: A corporation has the following account balances: Common Stock, $1 par value, $ 100000 ; Paid-in Capital in Excess of Par Value, $ 2670000 .

A corporation has the following account balances: Common Stock, $1 par value, $100000; Paid-in Capital in Excess of Par Value, $2670000. Based on this information, the

legal capital is $2770000.

number of shares outstanding is 2770000.

number of shares issued is 100000.

average price per share issued is $2.77.

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