The amount which the year end balance sheet will show Common stock of $1,500,000
What is issued shares?
Shares of a corporation that have been allocated and are now held by shareholders are referred to as issued shares in the fields of finance and law. Issuance refers to the process of producing new issued shares. Simply put, allocation refers to the transfer of shares to a subscriber.
As the corporation issued the 30,000 shares at the rate of $5 par value. So, the common stock is of:
= Number of shares × Price per share
where
Number of shares is 300,000
Price per share is $5
So, putting the values in the above:
= 300,000 × $5
= $1,500,000
To know more about issued shares, refer:
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