This is not a mathematics examination. If you are having problems multiplying, dividing, etc. Do not assume additional facts or the making of any elections. If the facts are ambiguous, state the alternative consequences that depend on the ambiguity. The Honor Code and the functions of the Honor Committee apply to all examinations.
Enterprise has one class of stock.
In exchange for the real estate, Randy received 250 shares of Enterprise stock. Tom had been using the machinery in a separate business he was conducting. In addition, Tom transferred all of the accounts receivable from his separate business and all of the accounts payable from that business. Tom used the cash method of accounting in his separate business. In exchange for the machinery, accounts receivable and the accounts payable, Tom received 105 shares of Enterprise stock.