Accounting for corporations : Calculation of average issue price by ClassOf1

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									              Sub: Accounts                                                               Topic: Accounting for corporations



              Question:
              Calculation of average issue price and sale price of common stock

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              The following items were shown on the balance sheet of Herman Corporation on December 31, 2008:

              Stockholders’ Equity

              Paid-In Capital

              Capital Stock

              Common stock, $5 par value, 360,000 shares

              Authorized; ______ shares issued and ______ outstanding ..................................................                              $1,650,000

          
								
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