average issue price common stock
Calculate the average issue price of the common stock. Star corporation issued both common and predered stock during 20X6. The stockholders' equity section of the company's balance sheets at the end of 20X6 and 20X5 follow: 20X6 20X5. Preferred stock, $100 par value, 10% $580,000 $500,000. Common stock, $10 par value $2,350,000 $1,750,000.