Following is the stockholders equity section of the 2020 balance sheet for Neon. At what...
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Finance
Following is the stockholders equity section of the 2020 balance sheet for Neon. At what average issue price were the shares issued?
| STOCKHOLDERS' EQUITY | May 31, 2020 |
|
| Common stock: $0.30 par value, authorized 600,000 shares; 150,000 shares outstanding | $ 48,000 |
|
|
Additional paid-in capital |
352,000 |
|
| Retained earnings | 53,000 |
|
| Treasury stock: 10,000 shares | (110,000) |
|
| Total stockholders' equity | $343,000 | |
| $2.00 | ||
| $3.25 | ||
| $2.50 | ||
| $1.54 |
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