Shares outstanding and average price
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Following are the equity accounts for Kerch Manufacturing (this should be completed in Excel).
Common stock, $2 par $135,430
Capital surplus 203,145
Retained earnings 2,370,025
Total $2,708,600
How many shares are outstanding?
At what average price were the shares sold?
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Solution Summary
The solution explains how to calculate the number of shares outstanding and the average price at which the shares were sold
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