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24 January, 23:53

Flagler Corporation shows a total of $650,000 in its common stock account and $1,120,000 in its paid-in capital in excess of par value - common stock account. The par value of Flagler's common stock is $5. How many shares of Flagler stock have been issued?

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  1. 25 January, 01:51
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    130000 shares issued

    Explanation:

    Shares issued = Total par value / Par value per share

    = $650,000 / $5

    = 130000 shares issued
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