Question 6(1 point) Burton Inc. has two classes of stock, 6%$100 par cumulative...

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Accounting

Question 6(1 point)
Burton Inc. has two classes of stock, 6%$100 par cumulative Preferred Shares and $2 par Common Shares. The equity section shows:
Common stock, $2 par value, 1,000,000 shares authorized and ___ shares issued. q, $610,000
Paid in capital in excess of par value. q, $55,000
At what average price was the common shares issued?
Respond rounded to TWO DECIMALS, without a dollar sign and without commas.
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