Find original issue price if only one stock issue has sold
A firm has $1,000,000.00 in its common stock account and $2,500,000.00 in its paid-in capital account. The firm issued 100,000 shares of common stock. What was the original issue price if only one stock issue has ever been sold?
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Brian is a 25% partner in the BC Partnership. On January 1, BC distributes $20,000 cash and land with a $16,000 fair value (inside basis $8,000) to Brian. BC has no liabilities at the date of the distribution.
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The firm issued 100,000 shares of common stock. What was the original issue price if only one stock issue has ever been sold?
The normal selling price is $20 per unit. The company's capacity is 10,600 units per month. An order has been received from a potential customer overseas for 2,600 units at a price of $17.00 per unit.
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A severe shortage of plastic pellets has required the company to cut back its production so much that the plastic injection molding machine is no longer the bottleneck.
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