Question: Shown below is information relating to the stockholders' equity of Reeve Corporation as of December 31, 2018 $ 600,000 B* cumulative preferred stock, $100 par
Shown below is information relating to the stockholders' equity of Reeve Corporation as of December 31, 2018 $ 600,000 B* cumulative preferred stock, $100 par Common stock, $10 par, 500,000 shares authorized, 120,000 shares issued and outstanding Additional paid-in capitali Common stock Retained earnings (Deficit) Dividends in arrears 1,200,000 600,000 (60,000) 48,000 What was the original issue price per share of common stock? Select one: a. $10.00 per share O b. $2.40 per share c. $15.00 per share d. $8.00 per share
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