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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