Stock issuance (Learning Objective 3) 1015 min. Hastings, Corp., issued 12,000 shares of no-par common stock for
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Stock issuance (Learning Objective 3) 10–15 min.
Hastings, Corp., issued 12,000 shares of no-par common stock for $18 per share.
Requirements 1. Record issuance of the stock if the stock:
a. is no-par stock.
b. has a stated value of $10 per share.
2. Which type of stock issuance results in more total paid-in capital?
AppendixLO1
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Related Book For
Financial Accounting
ISBN: 9781292019543
3rd Global Edition Edition
Authors: Robert Kemp, Jeffrey Waybright, Pearson Education
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