The equity section of the balance sheet for jackson


The equity section of the balance sheet for Jackson Halftime Entertainment, Inc. appears below:

Common stock, $0.60 per value

$

Paid-in capital in excess of par

$10,000,000

Retained Earnings

$22,000,000

If the company originally raised $11,000,000 in its stock issue, how many shares did it sell and at what price?

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Financial Management: The equity section of the balance sheet for jackson
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