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  1. business
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  3. at october 31, 2020, rigg, inc. has 50,000 common

At October 31, 2020, Rigg, Inc. has 50,000 common shares issued and outstanding. The company's...

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Accounting

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At October 31, 2020, Rigg, Inc. has 50,000 common shares issued and outstanding. The company's common stock account has a balance of $25,000 and the additional paid-in capital account has a value of $975,000. Omit $ signs. For per share amounts, enter your answer in dollars and cents (e.g., 4.00). Hint for answering these questions: recreate the journal entry Rigg would have recorded upon issuing the common shares. Divide aggregate amounts by the number of shares issued. a. What is the par value for a share of Rigg's common stock? b. At what price per share, on average, were the 50,000 shares issued? On December 15, 2020, Rigg, Inc. repurchases 600 common shares. As a result of this transaction, the December 31, 2020 balance sheets shows Treasury stock of $47,250. a. What price per share did Rigg pay to repurchase the 600 shares? b. What is the book value of total common stock after the repurchase of treasury shares

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