Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1. Common stock $3 par value( 10,000 shares authorized, 2000 shares issued for $5 per share). What amount would be credited to Common stock? a.
1. Common stock $3 par value( 10,000 shares authorized, 2000 shares issued for $5 per share). What amount would be credited to Common stock?
a. $30,000
b. $6,000
c. $50,000
d. $10,000
2. Common stock $3 par value( 10,000 shares authorized, 2000 shares issued for $5 per share). What amount would be credited to be paid in capital in excess of par?
a. $1,0000
b. $10,000
c. $6,000
d. $4,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started