Quinn Corporation issued 10,000 shares of ($ 20) par value common stock at ($ 50) per share.

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Quinn Corporation issued 10,000 shares of $\$ 20$ par value common stock at $\$ 50$ per share. The amount that would be credited to Paid-In Capital in Excess of Par Value-Common is:

a. $\$ 200,000$.

d. $\$ 700,000$.

b. $\$ 300,000$.

e. None of the above.

c. $\$ 500,000$.

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Financial Accounting A Business Perspective

ISBN: 9780072289985

7th Edition

Authors: Roger H. Hermanson, James Don Edwards

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Question Posted: Jun 16, 2024 04:25 AM

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Quinn Corporation issued 10,000 shares of ($ 20) par value common stock at ($ 50) per share.

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Financial Accounting A Business Perspective

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