Selected Financial Statements for Gloria Co appear below: Cash 98,000 Common $600,000 Stock ($2) par) Short-term...
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Selected Financial Statements for Gloria Co appear below: Cash 98,000 Common $600,000 Stock ($2) par) Short-term $45,000 Paid In $300,000 investments Capital in Excess of Par Value- Common Stock Long-term $425,000 Retained $50,000 investments Earnings Accounts $33,000 Service $350,000 Payable Revenue Dividends Payable $17,000 Operating $700,000 Expenses a. Calculate the number of issued common shares A/ a. Assume all of the shares were sold on the same date, what would have been the total sales price of the stock A ? c. What would have been the sales price per share ? Selected Financial Statements for Gloria Co appear below: Cash 98,000 Common $600,000 Stock ($2) par) Short-term $45,000 Paid In $300,000 investments Capital in Excess of Par Value- Common Stock Long-term $425,000 Retained $50,000 investments Earnings Accounts $33,000 Service $350,000 Payable Revenue Dividends Payable $17,000 Operating $700,000 Expenses a. Calculate the number of issued common shares A/ a. Assume all of the shares were sold on the same date, what would have been the total sales price of the stock A ? c. What would have been the sales price per share ?
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