Original issue price-stock issue


A firm has $1,000,000 in its common stock account and $2,500,000 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?

a. $35 per share

b. $25 per share

c. $10 per share

d. Not enough information to tell

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Accounting Basics: Original issue price-stock issue
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