Accounting MCQ Accounting Chapter 11 Compact Corporation as 50,000,000 shares of common stock, par value $.01, authorized, and 16,697,000 shares issued and outstanding. Its total paid in capital is $199,623,000. The average price received by Compact for a share of its stock was

Compact Corporation as 50,000,000 shares of common stock, par value $.01, authorized, and 16,697,000 shares issued and outstanding. Its total paid in capital is $199,623,000. The average price received by Compact for a share of its stock was

Naim 22:07 Accounting Chapter 11

Compact Corporation as 50,000,000 shares of common stock, par value $.01, authorized, and 16,697,000 shares issued and outstanding. Its total paid in capital is $199,623,000. The average price received by Compact for a share of its stock was

a. $.01
b. $3.99
c. $11.96
d. $21.13
e. cannot be calculated from the information given

Answer: c. $11.96
- $199,623,000 total paid in capital / 16,697,000 shares issued and outstanding = 11.96

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Accounting MCQ

Compact Corporation as 50,000,000 shares of common stock, par value $.01, authorized, and 16,697,000 shares issued and outstanding. Its total paid in capital is $199,623,000. The average price received by Compact for a share of its stock was

Compact Corporation as 50,000,000 shares of common stock, par value $.01, authorized, and 16,697,000 shares issued and outstanding. Its total paid in capital is $199,623,000. The average price received by Compact for a share of its stock was

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