A firm has $4,100,000 in its common stock account and $41,000,000 in its paid in capital account.

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A firm has $4,100,000 in its common stock account and $41,000,000 in its paid in capital account.
The firm issued 410,000 shares of common stock.
What was the issue price (market value) if only one stock issuance has occurred?

Related Book For answer-question

Financial Accounting

ISBN: 9781618533111

6th Edition

Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman

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Posted Date: Jan 19, 2023 06:33 AM

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A firm has $4,100,000 in its common stock account and $41,000,000 in its paid in capital account.

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