What was the average selling price for the common stock

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Reference no: EM132971362

Question - Gordon Company reports the following information at the current fiscal year end of December 31:

Common Stock, $0.10 par value per share $98,000

Additional Paid-in Capital , Common Stock 600,000

Retained Earnings 900,000

Total Stockholders' Equity $1,598,000

Required - What was the average selling price for the common stock issued (rounded to the nearest cent)?

Reference no: EM132971362

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