ASSIGNMENT RESOURCES Multiple Choice Question 81 oint (Ch.10-12) lowing account

Question

ASSIGNMENT RESOURCES Multiple Choice Question 81 oint (Ch.10-12) lowing account balances: Common stock, $1 par value, $59000; Paid-in Capital in Excess of Par, $1290000. Based on this ?Multiplechoice Question 62 E Multiple Choice information, the O number of shares outstanding are 1349000 number of shares issued are 59000 O average price per share issued is $22.69 O legal capital is $1349000 Question 87 Click if you would like to Show Work for this question Open Show Work Question Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWER ple Choice

Explanation / Answer

Number of shares outstanding = 59000 / 1 = 59000

Average price per share = (59000+1290000)/59000 = 22.86

Hence only statement that number of shares issued 59000 is correct

2)

Notes payable as on Dec 31 2018 = 914000 - 228500 = 685500

Out of this the short term payable is 228500 which is a current liability and remaining (685500 - 228500 = 457000) is long term debt

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