Yates, Corp., issued 5,000 shares of no-par common stock for $10 per share. Requirements 1. Record issuance
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Yates, Corp., issued 5,000 shares of no-par common stock for $10 per share.
Requirements 1. Record issuance of the stock if the stock
a. is a no-par stock and
b. actually has a stated value of $2 per share.
2. Which type of stock issuance results in more total paid-in capital?
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