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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Wong Corporation sold $2,534,000, 7%, 5-year bonds on January 1, 2012. The bonds were dated January 1, 2012, and pay interest on January 1. Wong Corporation uses the straight-line method to amortize bond premium or discount.
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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