Initial sale price of common stock Haymitch Brewing Corporation has one issue of
ID: 2817868 • Letter: I
Question
Initial sale price of common stock Haymitch Brewing Corporation has one issue of preferred stock and one issue of common stock outstanding Given Haymilchi's stockholders' equily account that follows, determine the original price per share at which the firm sold its single issue of common sock Stockholders Equity (5000) Preferred stock Common stock ($0 49 par, 394,000 shares outstanding) Paid-in capital in excess of par on common stock Retained earnings Total stockholders equity $228 193 2 608 792 3,821 The orginal price per share is sRound to the nearest contExplanation / Answer
Common stock 193000 Paid In Capital 2608000 total Raised From Sale of Common stock 2801000 Share outstanding 394000 Price per Share=(total Raised From Sale of Common stock)/Share outstanding 7.11