IHOP issued common stock and received ($ 32,000,000). The par value of the IHOP stock was only

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IHOP issued common stock and received $\$ 32,000,000$. The par value of the IHOP stock was only $\$ 32,000$. Is the excess amount of $\$ 31,968,000$ a profit to IHOP? Does the excess affect net income? If not, what was it?

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Accounting

ISBN: 9780132439602

7th Edition

Authors: Charles T. Horngren, Walter T. Harrison

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Question Posted: May 11, 2024 11:02 PM

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IHOP issued common stock and received ($ 32,000,000). The par value of the IHOP stock was only

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Accounting

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