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astepania0003
20.11.2019 •
Business
Flagler corporation shows a total of $660,000 in its common stock account and $1,600,000 in its paid-in capital in excess of par value - common stock account. the par value of flagler's common stock is $8. how many shares of flagler stock have been issued?
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Ответ:
82,500
Explanation:
Data provided in the question:
Total par value of common stocks account = $660,000
paid-in capital in excess of par value = $1,600,000
The par value of Flagler's common stock = $8
Now,
The number of shares of Flagler stock have been issued
=![\frac{\textup{Total value of common stock account}}{\textup{par value of common stocks}}](/tpl/images/0382/1819/d9931.png)
or
The number of shares issued of Flagler stock have been
=![\frac{\$660,000}{\$8}](/tpl/images/0382/1819/c78fc.png)
or
The number of shares issued of Flagler stock have been = 82,500
Ответ:
The answer is B. reverse