Business
Business, 02.10.2019 04:30, kevin733

Hyperion company has an authorized capital stock of one thousand shares with a par value of $100 per share, of which nine hundred shares, all fully paid, were outstanding. having an ample surplus, hyperion company purchased from its shareholders one hundred shares at par. subsequently, hyperion, needing additional working capital, issued the two hundred shares in question to alexander at $80.00 per share. two years later, hyperion company was forced into bankruptcy. explain how much, if any, the trustee in bankruptcy may recover from alexander.

answer
Answers: 2

Similar questions

Do you know the correct answer?
Hyperion company has an authorized capital stock of one thousand shares with a par value of $100 per...

Questions in other subjects:

Konu
English, 05.11.2020 14:00