Question: Using the following data, assuming that common stock is sold for its $2 par value per share, how many shares of common stock were sold
Using the following data, assuming that common stock is sold for its $2 par value per share, how many shares of common stock were sold in $2015?
| 2015 | 2014 | |
| Common Stock | $ 300,000 | $ 220,000 |
| Current Assets | $ 100,000 | $ 110,000 |
| Current Liabilities | $ 50,000 | $ 90,000 |
| Intangible Assets | $ 120,000 | $ 130,000 |
| Investments | $ 200,000 | $ 200,000 |
| Long-term Liabilities | $ 250,000 | $ 275,000 |
| Other Assets | $ 80,000 | $ 75,000 |
| Property, Plant & Equipment | $ 300,000 | $ 250,000 |
| Retained Earnings | $ 200,000 | $ 180,000 |
| | None of these | |
| | 40,000 | |
| | 80,000 | |
| | 20,000 |
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