Answer:
$43 dollars
Explanation:
The company will issue the shares and these will have the same value as the market shares as they will be given to the stockholders and the accounting will represent that:
18,400 shares x 100% = 18,400 new shares
18,400 x $1 = 18,400 common stock
18,400 x $43 = 791,200 market value
additional paid.in 772.800
the entry will decrease retained earnings for the market value and credit the equity accounts to maintaint the market value.
